Credit Suisse takes a dump...

[shri]

Credit Suisse is systematically important so it probably means that they have a good chance of a bailout.

Who would bail out what bit? Given it's global footprint and diversified operations..

Credit Suisse shares rallied almost 7% after a statement from the Swiss Financial Market Supervisory Authority and the Swiss National Bank said that the bank is currently well capitalized. The SNB added that it would provide additional liquidity if necessary. Shares tumbled 13.9% during Wednesday’s trading session after Credit Suisse’s largest investor, Saudi National Bank, said that it could not provide the Swiss bank with any further financial assistance.

[GentleGeorge]

I know JPOW likes hiking more than a GeoExpat meetup group, but surely this must be the end? Major banks are on the edge

[redslert]

Hikes will continue, inflation still high and CS has no impact to border economy.

[big_panda]

The Swiss central bank said it would provide a liquidity backstop to Credit Suisse after the lender’s shares fell as much as 30 per cent and sparked a broader sell-off in European and US bank stocks.

https://www.cnbc.com/2023/03/15/swis...necessary.html

[ndt]

2008+15, reminiscent of a time of heated debate between bankers and the rest, why bailout for particular industry,moral hazard, why bankers are treated like first born and so on, Geo was sort of battleground.. Now it seems norm, even smaller banks are too big to fail, no debate and move on..

[shri]

2008+15, reminiscent of a time of heated debate between bankers and the rest, why bailout for particular industry,moral hazard, why bankers are treated like first born and so on, Geo was sort of battleground.. Now it seems norm, even smaller banks are too big to fail, no debate and move on..

Financial stability vs Inflation .. good lessons.

[shri]

Major banks are on the edge

Are they really? They have know for longer than retail that this was going to happen... CS and DB in particular.

This one aged well.

Earlier this week, Credit Suisse chairman Axel Lehmann told CNBC’s Hadley Gamble that the recent collapse of Silicon Valley Bank is “local and contained.”

When asked if he would rule out some kind of government assistance in the future, Lehmann said, “We are regulated, we have strong capital ratios, very strong balance sheet. We are all hands on deck. So that’s not the topic whatsoever.”

[ByeByeEngland]

I know it’s an extra N but the Chaiman’s name made me chuckle.

14 years of ‘regulation’ and still there are issues.

[bdw]

Up 30% now

[GentleGeorge]

You know this is a crypto exchange app right ... marketed as Japanese to Hong Kongers to make it seem more reputable