The pair reacted positively to the latest United States producer price index data, which came in far lower than expected.
Prior to the release, the Binance order book showed principal bid and ask liquidity parked at $22,000 and $26,000, respectively. “Time will tell if enough bid liquidity is there to insulate $22k from getting hit,” on-chain monitoring resource Material IndicatorsBTC/USD order book data . Source: Material Indicators/ Twitter
For Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, signs were there for the Federal Reserve and Chair Jerome Powell to abandon interest rate hikes at next week’s decisive meeting. “PPI comes in at 4.6%, while 5.4% was expected. Massive miss, resulting into inflation coming down. Powell to pivot?” hePPI joined already buoyant consumer price index data released the day prior, this accompanying nine-month highs for Bitcoin as cryptoA day later, however, the focus was Europe as European bank stocks were halted for volatility and one in particular, Credit Suisse , hit new record lows.WTF? The markets are now pricing in a probability of default of 47% for Credit Suisse.
We are literally at 25k and counting. I think that whoever write this shit for is either blind or below 10.🌹🤣🤡
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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 »
Credit Suisse executive board will not receive a bonus for 2022Credit Suisse group's executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15 years, the Swiss bank said in its annual report published on Tuesday. They already cashed out. You'll here about it in a couple of days RNA story, covid, BIO. But wait SVB did
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows. It seems everyone was looking forward to hearing an insolvency of any bank. It is necessary to block more Russian assets, and it will help immediately! Trying to provoke a run on a bank.
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse Finds ‘Material Weaknesses’ In Its Financial Reporting ProcessThe bank said its financial reports for 2021 and 2022 were not affected by the problem. They are a joke ... and they are the ones rating everyone. They should be at 0 too. Really Interesting. No — not really. This are the same people famous for being detailed oriented. This is a smoke screen for their continued mismanagement. Nothing more. wolsned Bond market is crumbling according to Robert Kiyosaki and then the Dollar will be just paper👍 invest your money into precious metals before it’s too late
Source: Forbes - 🏆 394. / 53 Read more »