The stock's rally cooled slightly in early trading, but shares were still up 23% at 8:48 a.m. London time.
that Credit Suisse "meets the capital and liquidity requirements imposed on systemically important banks." "These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders," Credit Suisse CEO Ulrich Koerner said in the release Wednesday.
An individual Capitalist understands, the investor is key. If investor freaks out, Socialism kicks in to stray away the fear. Then , back to capitalist normalcy . 😂😂😂🤣
Great. So they are in ever more debt. Will lose the money they have been lent and the collapse will be 3x bad a year from now.
A loan 6x their market cap? Assets - Liability = Networth The market will adjust $CS stock price below $1 soon as they understand the above Networth formula or debt-to-equity formula.
They are worth 8 billion but they need 54 billion. Lmao. Let them go under. Nothing but criminals.
$54bln for short term liquidity Fk me just how much sh** are they in? Bloody gamblers think this is Monopoly money.
Temporarily
This kind of wild price action reminds me of Fannie Mae and Freddie Mac during the subprime crisis.
It's what is called the extension mode, like the reserve in the tank, is the time to switch for the citizens who have accounts in that bank. Transit strategy then an opportunity for those who will advance in investing, at the right time (not yet) buying BOT as the Black Friday.
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Credit Suisse intends to borrow up to 50 bln Swiss francs from Swiss National BankCredit Suisse Group AG said on Thursday it intended to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called 'decisive action' to boost its liquidity. 50 non Swiss francs is like 30$ us. 100 billion dollar have been withdrawn from this bank and now its name should be changed to debit Swiss😂😂 Credit is broke
Source: Reuters - 🏆 2. / 97 Read more »
Swiss National Bank will provide Credit Suisse financial support ‘if necessary’Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse. one simply cannot trust junky america ,there needs to be an intervention So in other words, Credit Suisse is in huge trouble
Source: washingtonpost - 🏆 95. / 72 Read more »
Credit Suisse appeals to Swiss National Bank for show of support - FTCredit Suisse has appealed to the Swiss National Bank (SNB) for a public show of support, the Financial Times reported on Wednesday, after the bank's shares slid as much as 30% and sparked a broader sell-off in European and U.S. bank stocks. Yes
Source: Reuters - 🏆 2. / 97 Read more »
Swiss National Bank to provide liquidity to Credit Suisse ‘if necessary’The Swiss National Bank will provide liquidity to troubled lender Credit Suisse if necessary, the central bank said late Wednesday, in a joint statement with... Buy the stock. Will be a double move Oh oh. Money never Sleeps
Source: MarketWatch - 🏆 3. / 97 Read more »
Swiss National Bank says it would support credit Suisse if necessaryRegulators stated that the problems experienced by certain U.S. banks do not pose a risk for the Swiss financial system. Banks is always risky $BTC & $KAS regulation friendly ✅ No ICO ✅ Fair launch ✅ No dev allocations ✅ Driven by community ✅ Purely Decentralized (Pow) ✅ Secure ✅ No pre-mining But also Kaspa, ✅ More convenient ✅ Fastest pow (x32 with Rust upgrade) ✅ Most advanced Pow ever oxro dxgm
Source: Cointelegraph - 🏆 562. / 51 Read more »
Credit Suisse to borrow up to about $54 billion from Swiss National BankCredit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The contagion begins 🍿 The bail out continues Print more money The Swiss bank was not going to let their flagship bank go under
Source: CNBC - 🏆 12. / 72 Read more »