, Credit Suisse said its “volume of duration fixed income securities is not material” relative to its holdings of high-quality liquid assets such as Treasurys and German bunds. The bank said it “is fully hedged for moves in interest rates.”
The bank suffered massive outflows of customer deposits in recent months that had failed to reverse. Nevertheless, the bank said it has maintained key capital ratios and had ample back-up cash. Credit Suisse also said it would buy back some debt securities in a bid to reduce interest expense and take advantage of the depressed prices of many of its bonds. The firm said tender offers would cover 10 senior U.S. dollar bonds worth $2.5 billion and four senior euro bonds worth 500 million euros, or about $530 million.
But this was 20% of the 65% that was left after it dropped already? So really more like 12% in real terms..which it then lost again anyway..
Compare reporting from the center, right and left at
Remember when the west refused to call them IRGCterrorists? Now they are trying to brainwash the world into accepting their beliefs. This time they are publishing a book in Italy praising a terrorist: 'Qassem Soleimani'. Nowhere in the World is Safe From Them.
I'm, uh, getting a little fuzzy on this, uh, capitalism thing. You say that businesses have a 'risk' incentive to, uh, invest wisely and be managed properly, but uh...
Any euphoria will be short lived. The prognosis remains the same - terminal.
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