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Credit Suisse takes a dump...

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  1. #41

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    UBS agrees to buy Credit Suisse as regulators look to shore up global banking system

    https://www.cnbc.com/2023/03/19/ubs-...ndroidappshare

    Chekki likes this.

  2. #42

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    Quote Originally Posted by huja:
    Seems like a man treading water in the middle of the ocean telling the nearby ship to move along, he'd wait for a grander vessel to rescue him.
    Seems like it worked.. no clue ..

  3. #43

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    Over at FT

    Name:  Screenshot_2023-03-20-07-38-54-041_com.ft.news-edit.jpg
Views: 247
Size:  73.6 KB

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  4. #44

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    One last one .. before we begin to speculate on the next tbtf failure...

    https://finance.yahoo.com/news/one-b...230133489.html


  5. #45

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    As usual, win or lose, I’m confused by the principles involved, and particularly what they hope to achieve with the terms they dictated. What they did to the capital structure seems neither fair nor inherently stabilising for financial markets to me, but maybe I’m missing something.


  6. #46

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    CS was dead as a business long before all this blew up because no one was willing to work with them for anything. The name was tarnished the talent were jumping ship and it absolutely had no value as a business.
    The bonds were junk status so for it to go to zero should not be a surprise other than a fancy media headline.

    Such a big name business and per HKMA/SFC this morning they only represented 0.5% of total assets in HK?!
    There's plenty of billionaires in HK with more liquid assets than this 'bank'.

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  7. #47

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    Would you buy shares in CS? There might be an up trend coming up. It might be good for day or swing trading, but for a long term investment?

    Quote Originally Posted by redslert:
    CS was dead as a business long before all this blew up because no one was willing to work with them for anything. The name was tarnished the talent were jumping ship and it absolutely had no value as a business.
    The bonds were junk status so for it to go to zero should not be a surprise other than a fancy media headline.

  8. #48

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    Quote Originally Posted by Chekki:
    Would you buy shares in CS? There might be an up trend coming up. It might be good for day or swing trading, but for a long term investment?
    The slightly better answer would be "no" ... CS will cease or has ceased to be a viable/tradable entity and is now better known as UBS.
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  9. #49

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    No one would touch UBS let alone CS as an investment!
    All Swiss banks are in caretaker mode for at least the next 12 months - that is liquidating all the bad assets and firing thousands of people.

    shri likes this.

  10. #50

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    Come on JPOW give us 25 bps this week and let's get the shit *really* started


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