Credit Suisse could also pique the interest of other large European lenders, such as Italy's UniCredit
"It would be a pyrrhic victory to weather the storm and continue to trade independently if doing so stunted its recovery potential," said Guy Foster, chief strategist at wealth manager RBC Brewin Dolphin.Selling off parts of Credit Suisse could require time, which markets may not give. A more decisive solution could be an outright takeover by a rival.as the main game in town, although it would need Swiss authorities to support and consider competition concerns.
But a deal would likely trigger asset sales to try to address overlaps between the banks, Legras said. Even then, regulators might not be convinced of the outcome, a second banker added.Few think shutting down the group is the more likely outcome, given the damage Credit Suisse's demise would cause to Switzerland's reputation as a stable and successful financial hub. It would also rattle global finance.
Fleece the people some more.
More bad trades
Hopefully, it is not mismanagement.
50 billions wasted just like that.
NoBailOut
More reckless actions, and more free money!!!
Wie zahlt man einen Kredit von 50 Milliarden Euro ab ?
👆 Cash lifeline 👉 to normal people 👉 another Bankster Bailout Credit_Suisse Bankcollapse BankingCrisis
Reminds me of a movie scene:
Oil money and China money are looking for a place to go. Will it come to real assets in Japan?
Bankruptcy. They are going to go Bankrupt.
What happened after 2008, business as usual.
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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it called 'decisive action' to boost its liquidity. 50 non Swiss francs is like 30$ us. 100 billion dollar have been withdrawn from this bank and now its name should be changed to debit Swiss😂😂 Credit is broke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 »
Credit Suisse woes knock euro, sterling, Swiss FrancEuropean currencies fell sharply on Wednesday after Credit Suisse's tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank's collapse. these will be affected
Source: Reuters - 🏆 2. / 97 Read more »
Stocks trim losses after report Credit Suisse, Swiss authorities hold talksU.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled... Bailout !? If you look at the history of Credit Susie $CS for the last 5 years, it's been tanking for a long time now. Credit Susie was tanking even during the Trump years. Why do people look to Credit Susie as an indicator of how the market is doing? Sounds like it's time for Credit Suisse to start playing the stock market!
Source: MarketWatch - 🏆 3. / 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 »