"It's panic, a little bit of panic. I believe completely unwarranted, whether it be for Credit Suisse or for the entire market," he said on CNBC's "Capital Connection."to borrow up to 50 billion Swiss francs . The lender's shares plunged Wednesday after a report that the Saudi bank said it could not provide Credit Suisse with any further financial assistance.
He added that the recent fallout of the collapse of Silicon Valley Bank was different from the 2008 financial crisis, saying that steps taken by U.S. regulators to protect depositors have contained further fears of contagion. "We did have a failure last week, but that's nowhere near, nothing to do with what we saw in 2008. This is just one isolated incident, the regulators have cut off any possibilities of a spillover," he said.The chairman of Saudi National Bank told CNBC that Credit Suisse has not asked for financial assistance."I don't know where the word 'assistance' came from, there has been no discussions whatsoever since October," he said.
CreditSuisse Go woke go broke
CreditSuisse Hey Saudi National Bank, what's in your wallet? BillAckman GRDecter cnbc hugodmiller investing WallStreet JameelJaffer.
CreditSuisse
CreditSuisse Still leading and strong words on profile needs to be removed
CreditSuisse Dead cat bouncing
CreditSuisse I'm withdrawal all my money from you guys. It's too risky to hold money in the bank these dayd
CreditSuisse It's not a merger. It's an imposed deal by the socialist government in Bern who created the problem with the sanctions against Russian 'oligarchs'. Ask how much money was drained from CS weeks BEFORE and only hours (!) AFTER the Swiss govt. ordered asset freezing... oops.😎
Well this aged well 🤣🤣🤣
that didn't age well....
CreditSuisse Definitely warranted! Bunch of crooks work here. They getting bonuses and they probably worth negative 300billion.
CreditSuisse Yes plea don’t worry 😉
CreditSuisse Well…..
CreditSuisse
CreditSuisse Didn't age well did it $CS
CreditSuisse 👏👏👏👏
CreditSuisse Then what happened
CreditSuisse This aged well lol
CreditSuisse Habe ich das richtig verstanden: Credit Suisse hat eiein Finanzloch von 1 bis 1.5 BILLIONEN Franken, da ja 100 Milliarden Realgeld durch Banken elektronisch 15x fach vermehrt werden können…?
CreditSuisse You know you're in trouble when you need to RT such news 🙄
CreditSuisse First to .54 cents ! amc
CreditSuisse This didn’t age well!
CreditSuisse This aged well 😂
CreditSuisse Ein weiterer Versuch die Dummen zu täuschen. Wer jetzt noch Banken vertraut und weiterhin sein Geld dort hält, dem ist nicht mehr zu helfen. 🤣
CreditSuisse Lol
CreditSuisse
CreditSuisse $AMC 💎🙌😘
sad day
CreditSuisse This aged well.
CreditSuisse is asking government to take on legal cost and future loses? 😂 Should have learned something about money management due to covid. 🤭
Als CreditSuisse Aktionär würde ich mir hiervon mal ein Screenshot machen. Kann später der Anwalt sicherlich was mit anfangen.
You may have just seen that UBS offered to buy Credit Sussie, $CS, for $0.27/share. This is an 87% DISCOUNT for a total of $1 billion. Credit Suisse owns 272 offices worldwide. The TOP 10 offices alone are worth over $500 million. UBS must know something we don't. YerFooked
CreditSuisse If cnbc says it's good, it's dog 🐕 💩! Credit suisse more like debit suisse
CreditSuisse TWENTY SEVEN CENTS PER SHARE!🤣🤣🤣🤣🤣🤣🤣 Bye Bye Credit Suisse 🦍 AMC CreditSuisse
CreditSuisse
CreditSuisse Have the oligarchs withdrawn their money? 😂
CreditSuisse Credit Suisse changes it’s name to Debit Suisse 🦥🙂
Negotiations for UBS going well? Doesn't look like you're making it through the weekend. And possibly without your investment arm. Looks like you're gonna be caught holding the Archegos swaps time 💣
CreditSuisse still feel this way ? 😂
CreditSuisse Cover your AMC shorts!
CreditSuisse CreditSuisse
CreditSuisse Months ahead I made postings in Twitter and LinkedIn on the eventful outcome of CS. This was based on our decade long research findings, with a very unique methodology, on a strategy failure, a legacy one.With out the correction, CS would fail miserably. The same has happened.
CreditSuisse If SNB says panic is unwarranted it actually means it’s warranted
CreditSuisse After 167 years, another flagship of Switzerland (Swissair) disapear over night! Responsable for this mess is above all Brady W Dougan and his greedy beasts and vassals! 'Go to H...'. Who is able to send this M. to him: Please do so. H. Moser/CH (42.5 years working hard for CS!)
CreditSuisse So Credit Suisse rejected internal reform efforts by 2 previous chairmen.Some of the worst in banking were once at CS.
CreditSuisse
CreditSuisse
CreditSuisse I’m sure Pips Bunce has everything under control
CreditSuisse Bullshit! Short this Credit_Suisse and gains to btc Bitcion ITS OVER! Sell your f***** houses at lake Zurich!
CreditSuisse Will UBS take over CS ? Ernesto Cruz, what is your opinion?
CreditSuisse Why did the two CreditSuisse bankers go to the bar together? To drown their sorrows after losing billions on $AMC!
CreditSuisse You should have concentred on the existing issues in your organisation rather than 'finding fault' with the embattled Adani Group.
CreditSuisse
Blah Blah Blah Yours sincerely from Zurich, Switzerland
CreditSuisse Important to give feedback to the Bloomberg colleagues spreading out of context information leading to the wrong narrative picked up by all those not looking at the facts … Algo’s trading on headlines and momentum quant models do the the rest …
CreditSuisse This is window dressing by government for cheat public an adroit but superficial or misleading presentation of something, designed to create a favourable impression. 'the government's effort has amounted to little more than window dressing'
CreditSuisse It is a temporary relief but the truth is that what is meant to happen will happen. Fire cannot be extinguished with coal. They are simply removing cash from the market to reduce the effect of avoiding recession.
Too big to fail... POUHAHAHAHAHAHA!!! You will be very surprised...
CreditSuisse Does The House Of Saud have trillions of dollars to bail out the (zombie banks) 🏦 The Too Big To Fail 😅😅
CreditSuisse You guys needed to be bailedout and given billions of dollars what part of that doesn’t warrant fear!! Lol what a joke! Bad investments, shady business , greed is what led to cs needing to be bailed out!! Scum of a bank!
Money heals ✋🏼💰💰💰💰💰
Can always trust the saudis lol
CreditSuisse
CreditSuisse 🤣🤣🤣🤣 lol
CreditSuisse What could possibly go wrong with this guy in control?
CreditSuisse Can you show us your short positions and guarantee you won’t go to 95 cents price target ;)
Should I invest my money again with CreditSuisse now they've been bailed out?
Looks like CreditSuisse will get ther first! 🤣🤣🤣 AMC AMCNEVERLEAVING 100Kisnotameme
CreditSuisse Frankly CS would say just that. Hardly likely to state “we’ve just borrowed SF45,000,000,000 to get out of a debt bind”. This is a sticking plaster to cover a large wound and if CS are feeling stressed, how many other Banks and Financial Institutions are in the same predicament?
💩
CreditSuisse Funny how the Central Bank & Federal Reserve Rob Peter to pay Paul…. And the little man gets it in the ass.
CreditSuisse
You’re lying. Again. On purpose. Again
If you have money in these banks take it all out i wouldn't trust any of them put your money in real wealth like gold and silver something that has intrinsic value even even bit coin something decentralised.
CreditSuisse Lmao
“unwarranted” means we’re equally reckless with your money and know we’ll be bailed out with enough money to guarantee our bonuses
CreditSuisse How many times should corrupt shit-hole banks be bailed out? Accountability?
Market Cap = 8b Borrowing 53b from a bank that had 134b in losses. These are all just numbers anyway, right?
Wie lange geht es bis die 50 Milliarden auch verbrannt wurden? Meine Freunde ziehen alle ihre Gelder von euch Verbrechern ab!
In other words.... They're regretting the recent decision to pump money into the bank
CreditSuisse Easy money 💰
CreditSuisse
CreditSuisse
Who are you actually trying to kid here, you really do just print what you're told to buy your overlords don't you. Absolute joke
CreditSuisse This is fine 🔥
CreditSuisse I say after trying to use PwC as crutch and failing due to PwC's approval for accounting shenanigans, any testimonial from a absolute monarchy which any inconvenience results in murder shows how deep in sh1t you are. I would not trust a single penny to Debt Suisse after this.
CreditSuisse
CreditSuisse What the real reason is. Unbelievable the amount of shenanigans, lying and utter lack of skills you guys are showing. This “Smart money” has no transparency no real regulation what so ever. Who is paying for these bail outs? How are you allowed to just make up money?
CreditSuisse Credit Suisse changes its name to Debit Suisse
Bullshit !
CreditSuisse I think you guys should stop talking now, you're only making it worse
CreditSuisse $50bn is a lot of money
CreditSuisse Aka … talking your book !!!!
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