Credit Suisse: What is happening to the Swiss banking giant? - BBC News
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- Опубліковано 2 жов 2024
- Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US.
The Swiss bank - which has been beset by problems - saw its share price fall by as much as 30% at one point.
Credit Suisse insists its financial position is not a concern.
Investors are concerned about the state of the troubled banking giant and have already been spooked by US bank failures.
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#CreditSuisse #Banking #BBCNews
I wonder if people that experienced the 2008 economic crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27k this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.
Even with this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
I agree, which is why I choose to delegate my daily investment decisions to a coach. They specialized knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilizing risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
Do you mind dropping info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
Thanks for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@@trane85 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
.credits to Colleen Rose Mccaffery, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@trane85 Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
lnvestors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advsor
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@@ThomasHeintz I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My advsor is Elise Marie Terry, you can easily look her up, she has years of financiaI market experience
@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Well Credit Suisse is on the verge of collapse, looking to borrow more than $53 Billion to stay afloat, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
These bank collapses are making stock market investors ask whether Jerome Powell and the Federal Reserve can keep raising interest rates as fast as they have been in order to fight inflation.
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize.
@@maiadazz Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@richardhudson1243 I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Nicole Joi Anderson, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.I recommend researching her credentials further.
Did you not hear the news from last Sunday? Many people are angry bc the federal council did not ask parliament and decided that UBS should buy Credit Suisse. This is bad for Switzerland
We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@@ardeand These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones
@@kevsmills It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@Isaacmeide Isabel Linda Dueri” is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@kevsmills I've heard of ISABEL LINDA DUERI , was referred to her not too long ago and I'm happy to say her teaching and process is transparent enough.
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
I agree with you. I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@Nicholehover .I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@@Nicholehover Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
All countries need to prosecute the top exec of these banks. You can be sure that this risky behavior would stop in a hurry if the decision makers in these banks would face real jail time for their choices.
The whole system is based on fraud.
agree..everyone was warned rates were going up
Gambling with other people's money 💵
@@bradc32 “I don’t know how derivative contracts work”
Ain't gonna happen.
This better not lead to a bailout at tax payers expense. Banks consistently operate with a government bailout safety net in the back of their minds.
So true,I wish that we all could be so lucky
It will. It already has here in the States. All they have to do is call them "too big to fail".
Bankruptcy is always an option.
Too late. Swiss National bank to provide assistance to Credit Suisse "iF NeEdEd"
They need to fail its how the system makes the fix ..Time for these bad banks to FAIL!!
But even under such circumstances, the top management will not forget to grab bonuses for themselves.
@Boy Kulot "Dah" yourself
In fact, they'll probably take larger bonuses than ever. When the ship sinks, everyone tries to leave with as much cargaison as possible
its the core value of western civilization and capitalism .... poor value (fr Hong Kong)
Top management is so greedy that they think they can manipulate everyone, but not me.
Manipulation of the banks will end up like this, I am not surprised.
Those milioners with yachts, and not a day working in their life thought that they can live whole life like that.
I wish they came to my position during the corona time, that would be a good lesson for them.
@The Richest Man In Babylon And you would probably grab it regardless. The point here is not that bonuses are bad. In fact, it's normal to get paid bonuses when your company makes profits and grows its value. The issue arises when a company is in trouble and has to lay people off to cut costs, and even in those cases, some top executives manage to get bonuses...One of the recent examples is Air Canada, which had huge losses during pandemic, it had to lay off many employees, the government had to give the company money to keep it afloat during pandemic, but even in that case top executives paid themselves millions in bonuses. They had to return them back later, when public found out and made noise. But among other industries, the banking sector has been one of the champions by number of scandals in recent years.
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market
@Marcelo Rothstein who is your financial coach, do you mind hooking me up?
@Marcelo Rothstein I took a look at your advisor and she looks quite the part, I have always thought advisors overrated but taking a look at yours she gives off some confidence, might as well see what advice she has for me.
The repercussions of insatiable greed.
All those workers 23.000 workers who amount for 20 million tons of self serving greed on wheels
@@shazanali692 holy sh*t, who are you?
This might actually be a good time to buy stocks in Credit Suisse.
In the 100% Accurate and True words of Malcolm X - "Show me a Capitalist and I'll show you a Bloodsucker"
"Capitalism’s concept of competitive man who seeks only to maximize wealth and power, who subjects himself to market relationships, to exploitation and external authority, is anti-human and intolerable in the deepest sense" - Noam Chomsky
"The superior man does what is right; the inferior one, what is profitable" - Confucius
@@dada210 You have the IQ of a potted plant
Cant lose money from a bank if you dont have any money to put into one lol. Being broke sometimes has its benefits. 🤣
You don't lose your "money" per se. But when bail out happen, we're all pay in the form of inflation
congratulations mate!
@@lokis.3869 Geez. I bet youre a real whoot at parties
@@ronbonora7872 🤣🤣🤙🤙
As a person who lives in the forest, i can confirm this is true
I'm glad I got into trading when I did because it was a turning point for me financially it was my best decision so far
As an independent woman, I started my first investment plan with just $1000 and am now earning a weekly income of $5000 trading cryptocurrency with my personal broker.
Encrypted coin tokens are taken over the financial Market. Over the long term, there's been no better way to grow your wealth than investing in the stock/crypto market. The government and banks are failing in its responsibilities
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do? *
@@longyao722 I will recommend my current trader, Ms Nicole Brusher, she is from the US and her strategies pay me a lot
you can communicate with her on Instagram via
Money never vanishes, if it's not where you left it, someone took it.
((()))
Well the 'money' never existed in the first place
Tell me you don't know anything about economics without actually saying you don't.
Governments, banks, credit companies - they all operate on the belief that no matter what, they will get bailed out and not be allowed to fail. Instead, they need to operate on sound financial principles, with smart investments, less borrowing, and assume no backstops or bailouts.
It's either that or everybody pays £20 a month for their services, banks simply cannot go with the safe option when it comes to investing, they have to invest as much as they can to start making returns, and governments will bail them out, money causes so much chaos no nation wants to deal the 3-4 major banks being badly hurt, economically and socially that would be a disaster. If there was an easy honest way they'd be doing it, but I don't believe there is personally, however I'm not too familiar with the banking world but these companies are global and essentially part of an economy and a country, simply could not operate without both their investments and their services.
@@fewik8567 Oh sweet summer child, credit suisse is charging you for their service... They won't do anything for free.
Why would anyone care? They know they will get bail out. It’s a 2008 plan from the US subprime crisis.
It's not a belief. It's true. In the US almost nothing has changed since the last crisis.
Who bails out banks and lenders? I've literally never heard of that happening. Sometimes governments TAKE OVER banks, other lenders aren't allowed to take deposits for this very reason, and governments do whatever they frick they want.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a millioin profit.
@@vuhoahua crazy..
Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc
This is why there are, or should be, regulations & regulators to make sure balance sheets can handle liability position fluctuations. Bad, ignorant management.
This may be true from the point of view of the company's accounting but not in relation to the global banking system which operates under a completely different system of law like the Church (Holy See), for example.
They have stress tests on banks all the time
they're not ignorant ; they're reckless
@@phpn99 They are a unique form of cancer that has begun to parasitize itself. Now they
are probably in a transformational phase adapting to the digital revolution
and artificial intelligence.
Whose going to regulate the regulators?
This is what happens when you let corporations dictate humanities fate.
With Credit Suisse, . . .
Nobody wants to Co-mingle their Money
with, Genocidal, Russian Oligarch Money,
that's why.
Government bureaucrats caused this, Archimedes. (Unless you can explain the trillions printed to democrat ATM banks that sneak $100ks to Gavin Newsome and democrat lobbyists)
Capitalism sucks.
Steven, you mean “Humanity’s fate”.
Don't think I'll be trusting the wisdom of a random nobody who doesn't even know how to spell "humanity's".
They have so many analysts upgrading and downgrading companies all over the world, they couldn't find time to grade themselves. 😅
In short, the BBC and Sky News, the media in general says: keep calm and carry on! As they bolt for the exit and make millions themselves!
Well they get their pay checks from the pig guy in black Rock
How is some government broadcast supposed to make millions of it? Seeing as the government would pay to keep the banks afloat i'd say they'd lose money not make some.
if people panic and do a bank run is a lot worse.
Scum bags just like the rest of the Western Establishment!!!
I bought more crypto and silver coins! Fvck banks.
I honestly think Credit Swisse needs to be allowed to fail. I mean, they haven't made a real profit in years, they're absolutely swimming in accounting and other scandals, and the bankers seem determined to fleece their customers. Credit Swisse is a case study for what can and does go wrong in banking when we let our eye off the ball and loosen regulations.
As long as you are not affected
@ßpęřm I'm not saying depositors should be left without recourse. I'm saying the institution itself has serious issues with corruption and financial prudence, and therefore shouldn't be responsible for holding anyone's money.
Once or before Credit Suisse fails, take possession, make creditors and depositors whole by liquidating assets, and then sell off divisions to other banks, employees included.
@@BigBoiiLeem Agree! Sieze all the Fat Cats' assets. Every cent
Each time the fed steps in and saves failed banks just puts off the correction that is needed to cut out the recklessness and greed of only upwards bull markets and free money.
@@ruppollock4392 the bank customers of the whole world gets affected indirectly as fees will go up
Never mind the losses. This better not affect bonus season!
Exactly I have a Ferrari down payment to make , left Goldman for this 😐😐😐
No one is getting boneses. Not without the shareholders suing, anyway.
Captain: Now you're talkin!
@@samsonsoturian6013 No bonus we will just vote ourselves a pay raise and a higher dividend at shareholder meeting. We have majority of the shares=majority vote.
@@elvism684 a court will fail to see the difference
Credit Susie never misses a crazy party.
😂😂😂😂
It doesn't make sense to deposit money into a bank that uses your money to make a lot of money but they only give you a fraction of the money they made?
Checking accounts are safe and convenient. Large amounts of cash in your pocket isn't.
Actually it does make sense as long as they are making money. The problems starts when they don't make money. At least they should have hedged the risks so that they remain liquid in a crisis, the company survives and deposits aren't affected. European banks have to do stress tests to prove that.
Yup. You are taking a 100% risk to make not even 2-3% because banks are betting on fuck knows what and doing fuck knows what.
@@samsonsoturian6013 Famous last words... watch this space. When I started working on payday we queued up at the pay office and received our pay in cash in a pay packet. Nothing wrong as far as I can remember. Fantastic days. It is when we started doing things electronically that the world took a turn for the worse that led to many failures and criminality. It also made you think twice before you spent your money as you did it with actual notes and not via an amount you see on some electronic device. Good old days never to return....
Ypu need a Bank for a job, for getzing a apartment etc!!!
Credit Suisse is going down faster than Kamala Harris.
Banks: Oh no! The consequences of our own actions!
And in the UK budget today, the Tories said they are planning to relax the banking rules that were brought in to stop another banking crisis, like we had in 2008!
Haha UK doesn't want to be left behind...
😳😑
Of course…the tories. That is self explanatory. It’s what tories do. Help people? Nope, but Johnny on the spot to bail out the rich
In the US almost nothing has changed since the last crisis.
Trump did that a couple years ago and we can see that worked out so very well, so of course that clown Sunak will do the same thing. The UK is a democracy, people voted for the Tories.
Credit Suisse Is always mentioned as being a part of any financial failure. If you do no hear about it at the beginning it is just a matter of time before you will.
I think in 2008 it was the UBS and not the CS if i remember correctly…
Credit Suisse has been grossly mismanaged for a decade now. Since the end of the Eurozone crisis their stock has down 95%. March 2020 and Feb 2016 were other periods where their stock crashed in price, and if you look at trading volume you'll see their investors have been vomiting their worthless stock into empty bids for a year now.
Credit Suisse has been the sick man of banking for so long. I honestly think pulling out the plug would be humane thing to do now lol 😂 I say that as an IB recruiter.
Credit Suisse is just like a good watch, it takes a licking and keeps on ticking.
They are 160 years old. Maybe it's time to take them out back.
Their core business of wealth management has let them limp along despite the failures. They probably won't die, but merely shrink.
Do you accept any applications?😅 I am a final year quant and have passed the level 1 CFA. Why not take a shot with me
@@gjorgji9339 haha I stopped quants. Far too confusing for me, I would apply online to cubist though. Loads of roles there
C'mon people don't freak out, it just the greedy criminals that are in trouble
They won’t see any jail time. We know this.
greedy criminals nice definition
Greedy criminals? How about thousands of companies that also have “common people” in it…
2008 financial crisis coming back like never before
You wish ,this will annihilate all the worst records
@@GetItRightUpYees BS! The fundamentals are different. But hey, I hope you're right. I shorted quite a few positions too.
@@ryanreedgibsonin 2008 it was most banks were fkd,now everything’s fkd ,nice story though,changed my life bri
2008 crises never ended, the economy died in 2008, everything after has been life support. It's going to collapse unless real fundamental reform takes place... but I think that's unlikely.
@@Prownilo You are right. I made 850 a year until 2009. Now I'm lucky to pull 85/year.
What's the use of the so-called banking regulations if banks continue to flout them with repeated impunity?
Look at the political connections between European banks and their national governments and EU officials. This is typical for European corporations. The era of Feudalism has never really gone away in Europe, they just replaced the Feudal elite with a neoliberal elite.
It's 2007 all over, but instead of MBS it's treasury bonds
Lol, well we let billionaires, big business,, and banks set the terms, no surprise everything is crashing down
Wonder just how many Russian Oligarchs held money in Suisse Bank
All of them?
everything was taken away from them despite their neutral status. the Chinese did not wait for the same thing to happen to them
🤡
Those poor poor billionaires. Wiping their tears with hundred dollar bills.
This is normal before a global conflict. That's why it happens I think
Lol watchu even mean? Switzerland is neutral
@@larsiboysito875 are you new to UA-cam?...you are replying to a moron... seriously...it was once a scientific term. Someone with an IQ between 50 and 75! Or could be a bot!!! Got your attention!
The timely distraction to get people's minds off of the truths that are being exposed. Covid origins, Biden family, J6, etc.
@@larsiboysito875 a lot of the most major wars were caused by an economic crisis. WW1 and WW2 were both around times of economic hardships. War makes a lot of money. WW2 specifically took the US out of the Great Depression and it solved Germany’s inflation issues.
@@larsiboysito875 Their banking system isn't.
QE infinity is here. Got bitcoin?
Material weakness is the nice way of saying things are going down hill. I hope the central banks are ready and capitalised to bail out any banks who run out of cash.
In this case, "material weakness" means Fraud.
Why ? So the bosses can steal even more money? Let all their house of cards fail , truth will walk away from the rubble
@@muckle8 Problem is, letting the banks fail causes even bigger problems. As unfair as it might seem, the best solution is to stop the contagion before it leads to all out chaos.
Well they have a never ending supply of tax dollars if that's what you mean.
@@PiperTMTotalWar Even better, jail the bankers. Iceland did, and they are in a far better position now. As long as executives suffer no penalties for breaking the law, sure as shit they are going to break the law because the incentives are worth millions and there is no downside. Until we start handing out lengthy criminal jail sentences, these people will continue to act with impunity.
Make sure you don't have more than 85k in any one bank. There won't be bail-outs, instead it's bail-ins. Which means the bank will take money from your account.
Bitcoin is solution!!
Bail-in effects both creditors and debtors. What about if I have a debt in a bank that does bail-in?
@@play2win78 Then you hit the lottery Sir!
In the US it's 250k. That was the solution to the banking crisis. No fixes to the causes, just more spending by the govt. BTW, the FDIC fund may be depleted just from the collapse of Silicon bank. Time for another bailout.
@@rcisneros8567 Right. The 85k mentioned is for the UK, so those are GBP 85k. The US has USD 250k (In 2018 Trump signed a bill rolling back some Dodd-Frank regulations btw), Canada CAD 100k, in the EU it's EUR 100k, Switzerland has CHF 100k (albeit there's a cap so it's relative), Norway NOK 2 m....
I adopt the general principle of presumption of innocent, what Credit Suisse's happen, it seem like "fraud" means deliberately to self bankcruptcy. I suggest to investigate the stakeholders of Credit Suisse
A load of words just put together while you search the couch for your last rizzla
Sormina, your English is nearly incomprehensible.
Credit rating moody among others look inwards when rating emeging countries but lies about developed market rating.
Only banks whose name begins with an S seem to be at risk. Looking at you Santander.
Good catch
The sanctions are working..😂😂😂
With sanctions I was expecting Russian banks to collapse but it seems that expectation backfired
This is a Swiss Bank, not just any bank somewhere in some long lost little known location. It's Switzerland, with all its huge reputation for financial top class. Anyone know what happens if a Swiss bank fails? Still not to worry, Capitalism and fortunes for the few (when it works) and socialism when it fails - we all pick up the bill as taxpayers. A truly nice system.
certainly don't share when things are going well
As honest as a Swiss banker, as the saying goes.
Credit Suisse will bounce back!
Credit Suisse has had a reputation for being a garbage company run by idiots for the past decade. They're not "top class" by any measure.
Centralbanks are the culprit. 2008 was a debt crisis. We couldn't borrow no more whitout rates rising sharply. Then centralbanks intervened and printed money to buy bonds to suppress rates. Banks jumped in and understood that buying low yield debt was good cause value of bond would rise due to centralbanks. Now the same CBs doing a total 180 and raise rates cause of inflation and put banks holdings in jeopardy when bonds value drops to junk.
Well CBs have a solution. They will cover banks losses. The problem is this is money not exist but needs to come into existence. More money means more inflation. I would describe centralbanks position as hopeless now. Whatever they do it causes havoc. 😱
Government is also to blame, deregulation meant banks kept gambling with other peoples money.
Ironic that a bank from a landlocked country should use two sails as its symbol. (Or maybe they're sharks' fins?)
Two triangles. Two threes .... 33. The Bank of America logo has 'three elevens' .... 33. Coincidence or conspiracy?
@@jakleo337 careful before they call you a conspiracy theorist 😂😂😂they’re about to implement the ISO 20022 Crypto currency. This is the end of fiat currency. We’re running out of “conspiracy theories “😁😁😁😂😂😂
Masonic.
@@justinamusyoka4986 masonic symbology revolves around the tools used in the construction industry because the first masonic lodges were a kind of proto-trade union meant to protect the builders of Europe's medieval cathedrals from the local rulers who commissioned the work but didn't like paying their bills. (Think Trump eight hundred years ago.)
Banking started as a way to facilitate trade, particularly between different nations, at a time when there was no common currency and no neutral organizations that could be trusted to act as honest brokers between two parties in a transaction. Ships' sails have been a symbol of international trade for centuries which is why Credit Suisse chose them as the symbol for their bank.
More facts, fewer conspiracy theories, please.
Who cares?
Buy farm land that you can become self sufficient indefinitely
It is the only way that some people will survive. There is going to be a massive cull of the population and most people will not survive.
Hopefully this will scupper the idea of removing the cap on Banker's bonuses !
Regulation and "Red Tape" in the Financial Services Market = Guardrails. Remove them its logical to expect more frequent instances of Banks driving off of cliffs.
"Regulation" from the hands of the corrupt just guarantees corruption.
Time to invest in Credit Suisse shares while it's low. And no, this is not sarcasm.
Worry about an exodus of deposits?
Question, who, and let's be real, who banks in Switzerland? You? Me? John from down the street? Lol. Literally every non-Swiss person who banks in Switzerland are working in the multi-million, if not multi-billion, ranges. Where the hell are they going to move their money to? Bring it back to the UK and get taxed? Yeah, get realistic.
Saudi National Bank can't invest more? Yeah, but this shell company set up in the British Virgin Islands owned by another shell company in the Cayman Islands owned by the butler of the Saudi royal family can.
What you're going to end up with are normal investors bailing from the scare when the share price is low, and the rich tycoons buying all these shares up, so they'll be booming with money when the share price lifts.
Scandals don't tear big banks down, and definitely not haven banks. HSBC has no scandals? No money laundering? Barclays? Literally fuck me if you think these scandals are going to tear banking giants down. Small banks will get crushed, but these giants? Do you even know who backs these banks that gives them so much power? Swiss banks have negative interest rates (yes, you lose money by saving your money with them) and they still thrive. Billionaires would rather bank with them with negative interest rates than bank in the UK with positive interest rates for a reason.
If you believe this scaremongering, you're just going to lose to the rich. The rich get richer because they don't fall for this.
You could summarise this entire story. "Yes, CS could go bust. It depends on the stance and appetite of the governments to prop up CS."
15 years of economic growth and banks are collapsing because of 6 months of QT? What the fuck is happening in their decision making?
Banks are interconnected. Take your paper currency out before they prevent you from being able to access it
They will use bail-in (instead of bail-out) and that means they can legally steal all your savings.
hey army😉💜
Yep! Ahead of you, bought more crypto and ordered some more silver coins. 😊
Sadly it's what banks do ,pay out fat dividends and bonuses and pay as little interest as possible to Joe public investors that deposit with them from loyalty or belief.
Well people are awoken to the fact that Switzerland has NEVER been neutral about ANYTHING❤
It's not going to be saved, when this rescue/ bailout stuff gets mentioned it's already to late.
So let me get this right. The bank is in trouble and the solution is to borrow a huge amount of money. Like maxing out your credit card. Doesn’t it have to be paid back ?
No, credit cards are based on one source of repayment: your one salary. Banking, much like government spending is based on mutiple sources of revenue that counterbalance each other when properly regulated.
I am so happy that i decided to stay single forever do my children and my wife won't have to suffer like me .Now we are going to witness another 1929 crash in less than a year.
- - Fun Fact ;
The Federal Reserve Bank is not federal, has zero reserves and is not a bank!
Root cause was US Federal Reserve raising interest rates to rein in inflation, which is rising with interest rate basis. Smart people those economists.
If its not one thing then it's another. Always has, always will be.
Lately, if it’s not one thing, it’s two things. 😮
Another day another drama
Not true. It was george bush jr that allowed banks to gamble. Then the rest of the world wanted to make big profits too. Canada does not play this game and did NOT have a banking crisis.
Credit suisse balance sheet is so bad, the government, the saudis, the swiss national bank, and all the kings men cant put humpty dumpty back together again.
Credit Suisse claims to be committed to human rights and respects them as a key element of responsible business conduct. However, their actions speak louder than words. They have been involved in numerous allegations of abuse, such as financing fossil fuels, weapons, palm oil and mining companies that harm the environment and communities. They have also faced lawsuits for fraud, money laundering and tax evasion. Credit Suisse does not deserve to be bailed out by taxpayers or investors. They deserve to go bust for their human rights violations.
You forgot their spying scandal. They also had a spying scandal.
Reporters are flaming fears by trying to compare apples and oranges with regards to Credit Suisse and Silicon Valley Bank.
2008 all over again...
Cause the disease of 2008 was never cured.
Let's see what happens if the bbc comes with a report about Barclays. Is our money still safe there? Should we all empty our accounts?
......then what happens?
Obviously they didn't send zelynskyy enough.
What Are You Afraid of and Why?
I am afraid of nothing anymore.
In the past, I was afraid not having enough time to complete everything that I wanted to in life.
That passed a long time ago though.
What is there to fear? If we would see the truth, then we would have no fear of anything at all, because we would then see that we are in the hands of the good and benevolent upper force. Also, we would see that we have no control over our lives, and we thus have nothing to fear. In short, we have nothing to be afraid of.
Robbery global robbery
Why do they always show us pictures of the bank’s buildings - WHO are the bankers doing this? Tells you who’s in power when you can’t name and shame
They should have kept Thiam as CEO!!!
Nice. Socialize bank lost but privatize profits. Too big to fail. Nothing has changed.
I hope everyone is prepared! Savers are just unsecured creditors with all banks.
Actually, they’re secured up to $250,000. If covered by FDIC.
@@williamwilson6499 when all the banks go bump, there is about 2% cash to pay out everyone. £75,000 is guaranteed, however, the bank has up to 100 years to give that amount back to the unsecured creditor!
This is long out of date when, like Silicon Valley Bank, the warning signs about Credit Suisse have been obvious for months.
That's what happens when you start thinking that 3D is possible on a flat screen .
This is happening because gaming at 8k is worthless, and 4k is the limit.
Petrodollar problem 😭😭
When this happens, everyone asks the government to be strict on the banks. But in a normal condition if a government introduce legislation to safeguard the customer increasing the cost of operation for banks which then trickles down to customer, people are up in arms against it.
Yes, I see people protesting every day, to deregulate banking sector. Even in 2008 people were mad because government increased regulations. Greetings, my neighbor from Narnia.
@@SplitScreen2 Clearly he didn't mean ordinary working shmucks, he meant the people who have their money tied up in these criminal enterprises, they lobby 24/7 for less restrictions because their greed drives them.
But they know that either they canabsorb potential losses or gov's will bail them out as people's money is protected by the current legislations in place.
The "Footsy 100" better have a bunch of British jokes about under the table dealings or I'll be real disappointed.
The end is nigh!!!!
Well done Russia
Seen in other news Rolex watches have dropped in value some by 25%
My that is good news ,I will pass that on at the food bank
Well, I think it's pretty much accepted by now that the way the system's setup is basically musical chairs. Every now and again the music stops and someone's left standing. And that has to happen so the game can go on.
I miss 2008 🥶🥶🥶
Not good. This isn't over, and will ultimately affect the entire EU 🇪🇺
We shall all end up bartering seashells soon
Buy silver coins.
@@JohnofthefamilySmith 😃i was being facecious tbh anything you invest in gold or silver is only good as longas you have a person who will swap it for food or what you need
@@asmith9140
Gold is used in mobile phones microchips Computer's mother board to Space Suits & Space telescope. It is non corrosive & a noble metal.
Paper is nothing infront of it.
Why are the answers always so vague..
My heart weeps for the trouble Swiss banking giant.
Your heart should be with the normal people who will probably loose their job in one of the most expensive cities in the world..
@@Xehiudx They are a neutral country. Let them join the pointless army.
@@stukafaust okay jew
@@stukafaust i correct myself. All over the world not just people im switzerland. But that you won’t get that cause you’re probably scared, i understand. Let’s just do our best to survive this bs
Banks already take in about 80% interest on every dollar deposited. Why are they allowed to invest the money too.
WATCH OUT FOR THE COLLAPSE OF HSBC OF HONG KONG THIS WILL BE THE START.
no wonder, I heard Credit Suisse is full of holes, after all :)
So proud are the Swiss of their bank...quite extraordinary what's happening
Come on please be professional, the real issue was duration of bonds that was the real cause. what a joker.
The Dominos continue to fall
Ashley, you mean “ the dominoes”.
2021 January: storming of the capitol,
2022 February Russian invasion of Ukraine,
2023 march: Bank collapse
😂😂😂... Russia is laughing. Uraaaah 🇷🇺. Slava Russia. Karma is sweet.
Why abandoned the world only TRUE means of Exchanges (Silver and Gold), currencies?
It's your Western Civilization that is in Question.
By Nura KC Nigeria 🇳🇬
and this is why deregulation and free market capitalism is a stupid idea
Except for the fact that it's objectively lifted more people out of poverty to a higher standard of living, by the billions, than any other system in the history of humanity. You want to see stupid ideas go spend some time reading up on centrally planned economies.
Well there are plenty of stupid ideas. Lets also forget the word "free" since it just does not exist. If it gets F-ed up it probably has something to do with corruption and greed. We can also look at Russland, where one man tells how to live as he sees in his dreams.
@@markschade6951 yeah capitalism has lifted people out of poverty. But it also enabled the 2008 crash when banks made absurd loans and the government wasn't putting any rules in place. It also creates huge wealth inequality which you cannot deny. I never mentioned a totally planned or centrally controlled economy, with my suggestion being a mixed economy where the government steps in where needed
Hindenburg left the chat 😂