Foss is currently executive director at Validus Power Corp. He was a founding shareholder of 3iQ Corp. and previously held the role of senior portfolio manager with a focus on credit strategies at Fiera Quantum. He was also a managing partner for credit strategies at both GMP Investment Management and Marret Asset Management, and was the VP of Fixed Income Trading at TD Securities.
Credit Suisse is one of the 30 banks identified by the Financial Stability Board , in consultation with Basel Committee on Banking Supervision and national authorities, as global systemically important banks . Other banks on the latest list of G-SIBs include JPMorgan Chase, Bank of America, Citigroup, HSBC, and Goldman Sachs.
Because it’s in big capital trouble. It’s only got a 10-billion-dollar market cap for about a trillion dollars of assets, which is ridiculously low.
Banks runners make thing worse as usual
I lost my job, I thought I have lost it all. With the little cash of €2500 I got €32,056 with the help of fx_crypto_assistant on Instagram or telegram he may not know it, but really he has saved my life
fake news, Swiss bank already stated full backing
They’ve already been backed by Swiss. Why the late article other than to continue the FUD?
Also, you have serious bot problem.
You realize the Swiss central bank has announced they will bail them out correct?
🤣they wanna kill the bank
Brilliant, but using ChiefraFba for signals and analysis
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Ok . Next?
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Credit Suisse will collapse next, Robert Kiyosaki warnsSwiss regulator FINMA announced it was trying to identify any potential risk of contagion from SVB's meltdown to Switzerland's banks and insurers. He was probably turned down by that bank, so now he's gonna cause a run on it.
Source: Newsweek - 🏆 468. / 52 Read more »
S&P 500 Index: Breach of key supports warns a test of 3730 – Credit SuisseS&P 500 has now seen a break below key support at 3940/27 to warn of a more important turn lower. Weekly close below 3730 to reexpose 3505/3492 “S&P 5
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Major European bank tells Credit Suisse to seek urgent central bank liquidity backstop - sourceA major European bank has held talks with Credit Suisse, urging the lender to seek an urgent central bank liquidity backstop, according to a source with knowledge of the discussions. Just in time 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 😱
Source: Reuters - 🏆 2. / 97 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 »