I don't understand any of this. Why bank after bank is getting bankrupt?
kpps Let’s hope the shit doesn’t hit the fan again like in 2008 😱
Just in time
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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 »
European banks battered as Credit Suisse drops over 20%Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10% stake citing regulatory issues. Welp, this is gonna get real ugly With Trump zero bank failures
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse Stock Decline Tests Strength of European BanksA sharp drop in Credit Suisse’s stock is putting European bank regulations to the test Wait… What? The Dems told us this banking crisis is all Trump’s fault for amending Dodd Frank. Ist die USA für diesen Kursrückgang verantwortlich? Wurde die Nachricht der Saudi Bank bewusst anders weiter geleitet? Ist das wieder ein inszeniertes Börsen Szenario an dem sich der Deep Staat bereichert? Ist das Insider Handel? Ist das nicht verboten?
Source: WSJ - 🏆 98. / 63 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 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 »