Banking company Credit Suisse is on the brink of financial disaster prompting the Swiss National Bank to offer support.Economist Nouriel Roubini tweeted that a Credit Suisse collapse would be like a Lehman Brothers moment.
Are Oz interest rate rises propping up banking mismanagement?
Their major shareholders, the Saudis, don't want to put more money in. They're playing chicken with the Swiss Govt
The European Union will collapse. It’s being tan like FTX. Fraudulent funds being funneled out the back to to top up the elites.
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Credit Suisse: what is happening at Swiss bank and should we be worried?Plunge in bank’s share price adds to fears over weaknesses in banking sector following collapse of SVB
Source: GuardianAus - 🏆 1. / 98 Read more »
Credit Suisse takes $54bn loan from Swiss central bank after share price plungeAfter largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’
Source: GuardianAus - 🏆 1. / 98 Read more »
Credit Suisse crisis crushes a favourite investor trade of 2023The rout has “caught many on the wrong side of the bet and the situation is turning out to be very messy”, said Guillermo Santos at iCapital.
Source: FinancialReview - 🏆 2. / 90 Read more »
ASX sinks as Credit Suisse woes rock global marketsTraders again abandoned bets of further tightening by central banks amid fears that contagion will send the global economy into a deep recession.
Source: FinancialReview - 🏆 2. / 90 Read more »
ASX reaction to Credit Suisse rescue highlights a big worryFor the second time in four days, regulators have ridden in to rescue markets. But the reaction of the ASX to the latest package shows broad fears. Bitcoin cannot go bankrupt Block chain, just up and down, 10 cents to $64,000 to $24,000 in only 12 years Unaffected by banks or politics in any country Only current trading The rest just grows and grows
Source: FinancialReview - 🏆 2. / 90 Read more »
Credit Suisse CDS reach crisis levels as banks rush to buy protectionSimilar moves were seen in the short-term credit derivatives linked to banks in the aftermath of the Lehman Brothers collapse in September 2008.
Source: FinancialReview - 🏆 2. / 90 Read more »