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A helping hand from the Swiss national bank?
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Shares of the $Credit Suisse(CS.US)$ fell sharply on Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank said it won’t be able to provide further assistance.
The demand for its CDS (credit-default swaps) spiked to levels that signal Credit Suisse is in deep financial distress. The turmoil somehow triggered a throwback to the financial crisis in 2008.
Credit 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.
Do you think CS can work through its current financial difficulties?
Will the Fed make a different rate-raising decision considering the current situation?
The demand for its CDS (credit-default swaps) spiked to levels that signal Credit Suisse is in deep financial distress. The turmoil somehow triggered a throwback to the financial crisis in 2008.
Credit 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.
Do you think CS can work through its current financial difficulties?
Will the Fed make a different rate-raising decision considering the current situation?
Shares of the $Credit Suisse(CS.US)$ fell sharply on Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank said it won’t be able to provide further assistance.
The demand for its CDS (credit-default swaps) spiked to levels that signal Credit Suisse is in deep financial distress. The turmoil somehow triggered a throwback to the financial crisis in 2008.
Credit 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.
Do you think CS can work through its current financial difficulties?
Will the Fed make a different rate-raising decision considering the current situation?
The demand for its CDS (credit-default swaps) spiked to levels that signal Credit Suisse is in deep financial distress. The turmoil somehow triggered a throwback to the financial crisis in 2008.
Credit 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.
Do you think CS can work through its current financial difficulties?
Will the Fed make a different rate-raising decision considering the current situation?
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Wall Street Today | Credit Suisse to Borrow Up to About $54 Billion from Swiss National Bank
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ColumnUBS rescue Credit Suisse! Apple, Tesla, and Amazon up over 5%^ in a week!
After the Swiss National bank loaned Credit Suisse 50 billion Swiss francs to provide additional liquidity, it also facilitated UBS's acquisition of Credit Suisse for 3 billion Swiss francs, curbing a confidence crisis that could have spread to global financial markets.
The Credit Suisse crisis comes after a week of bankruptcies of Silvergate Bank, Silicon Valley Bank and Signature Bank that triggered a surge in pressure o...
The Credit Suisse crisis comes after a week of bankruptcies of Silvergate Bank, Silicon Valley Bank and Signature Bank that triggered a surge in pressure o...
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Credit Suisse Stock Plunges Over 50% after UBS Takeover
$CS stock down 55% after the $UBS takeover. The deal is valued at $3.2 billion. CS market cap is currently $3.9 billion. Swiss government eliminated CS shareholders voting rights during the acquisition process.
Full article here: http://investorscompass.com/blog/credit-suisse-stock-plunges-over-50-after-ubs-takeover
Full article here: http://investorscompass.com/blog/credit-suisse-stock-plunges-over-50-after-ubs-takeover
now how many CS shares will receive one USB share?
UBS May Take Over Credit Suisse — Why It Matters
UBS Group AG is reportedly in talks to acquire some or all of Credit Suisse Group AG (CS), potentially with government support, in an attempt to rebuild confidence in the banking industry.
CS recently received a $50 billion liquidity injection from the Swiss National Bank, which didn't help to prevent a further decline in its shares (see the chart below) or stem the outflow of deposits, prompting the central bank and top financial regulator to faci...
CS recently received a $50 billion liquidity injection from the Swiss National Bank, which didn't help to prevent a further decline in its shares (see the chart below) or stem the outflow of deposits, prompting the central bank and top financial regulator to faci...
I think the USA bigger banks are eating USA smaller banks. that's why svb deposits are only guaranteed after svb tooke over. No USA banks are safe, just like no American is safe during covid, not even pot_us.
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Economic Assassination
Anyone ever read "The Confessions of an Economic Hitman."?
Surprisingly, it has answered many questions for me over the years. Nothing is left to chance...must be careful who we get in bed with.
Surprisingly, it has answered many questions for me over the years. Nothing is left to chance...must be careful who we get in bed with.
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