A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, February 22, 2023. REUTERS/Denis Balibouse/plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10% stake citing regulatory issues.
Credit Suisse fell below 2 Swiss francs for the first time after Saudi National Bank said it could not go above 10% ownership due to a regulatory issue. Credit Suisse shares fell by as much as 23.8% and were last down 20.2%. Trading in the shares was halted a number of times by the stock exchange operator as volumes soared and the stock plummeted.fell in morning trading and was last down 6.1%, hitting its lowest since January 3. The index has dropped 14% since last Wednesday's close, meaning a loss of over 120 billion euros in market value since then.
Financial crisis is coming
While US exposure is twice as big as EU exposure.
Things are looking ugly allover the world
Crypto was made for this Bitcoin is up 12% over the last 7 days 😀
With Trump zero bank failures
Welp, this is gonna get real ugly
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Credit Suisse shares tumble to new record low as European banking sector reelsSwiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & moreShares of Credit Suisse and several other European banks were halted from trading as prices plummeted. Because they Fed just propped them up. Everything things fine
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse Stock Price Drops 17% to New Low as Jitters MountCredit Suisse shares (CSGN) fell as much as 17% early Wednesday and hit a fresh all-time low, reflecting increasing concerns about the bank's struggles to stabilize its operations. Prices on Credit Suisse bail-in bonds, which get wiped out in c Neutralidad. Ok. Koerner is the worst BNP + SocGen also cratering - CS derivative exposure? It will be a fun day at the Swiss National Bank (SNB)
Source: WSJ - 🏆 98. / 63 Read more »
Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday. This means it hasn’t This bank is done. Market should insta exit this AM. Not just the banking sector.
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'Credit Suisse said its net asset outflows had 'not yet reversed,' and that 'material weaknesses' were identified in its financial reporting processes. So I don't understand what happened? I've been pointing out the issues at Credit Suisse for years. Can someone explain the 1yr downtrending of $cs? I don't get it
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse publishes delayed annual report in which it admits to financial control weaknessesCredit Suisse on Tuesday published its delayed annual report -- which describes material weaknesses in its financial controls -- as it also announced it... They are 100x worse than Signature Bank..Watch the bank run today
Source: MarketWatch - 🏆 3. / 97 Read more »