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CREDIT SUISSE:
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They’re one of the world’s most PROMINENT global banks, with more than $1.5 Trillion under management, offices throughout the entire world, and a designation as one of the “systemically important financial institutions of 2022.”
However, all of this began just a few days ago, when the CEO of Credit Suisse made a statement that the bank “was at a critical moment,” and tried to reassure employees not to confuse the “day-to-day” stock price with firm’s “strong capital base and liquidity position”.
In addition to their stock price having declined 90% over the last decade, they’re about to undertake a MAJOR restructuring to try to return the company to profitability – but, in doing so, they need to raise capital – and some see that as a last-ditch effort to stay afloat – .much like Lehman Brothers did… right before their widely publicized downfall.
Once investors started digging deeper into company financials…critics warned about their path moving forward, declining revenue, and dwindling returns that could have a SIGNIFICANT impact on the entire market.
EVEN THOUGH their stock price has absolutely plummeted, investors are concerned, and credit default swaps skyrocketed to the highest level EVER – SOME analysts believe that a Lehman-Style moment is unlikely…and that internet speculation has gotten out of hand.
For example, JP Morgan went on record to say that the bank’s capital was healthy, other analysts say they’re in a “tight spot” – but, unlikely to fail, and CitiBank says – this isn’t 2008.
However, at the end of the day – it seems like this entire situation is turning into a self-fulfilling prophecy, where – the more people BELIEVE it’s going to fail, the lower its price goes, and the less leverage they have – to actually turn things around.
After all, they’re beginning to lose private bankers in Hong Kong…turnover is increasing…and, even a formerCredit Suisse trader himself tweeted: All rumors are false until OFFICIALLY denied.
That leads me to believe that – despite the sensationalized headlines – there IS a risk that these large banks could be in trouble…BUT…lets ALSO be realistic: They’ve grown to the point where, they could also be supported by government funding, in the event their downfall would negatively impact the global markets.
It’s also said that they currently have $100 BILLION DOLLARS of “Buffer Capital” – and, even though that can only go so far – there’s nothing that says they can’t receive additional help, on top of that.
So, all in all – YES…there IS risk of the bank defaulting, the global economy falling apart, and all of us pointing to Credit Suisse and Deutsche Bank as the culprit…but, REALISTICALLY…it’s undetermined if the government would even let that happen in the first place…and, honestly…the most we can do at this point is to simply wait and see what happens.
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We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
So how to prepare is o subscribe!?
Just like 2008, no one will go to jail. Look at those scoundrels, they're all still wealthy and free. Only the little people suffer.
Way worse than 2008. This isn't a banking collpase. This is the collapse of the dollar. The Chinese Yuan with BRICKS is becoming the main global currency, and they have signed deals to trade oil in Yuan. This means the dollar won't have backing, and since it also isn't backed by gold, it will collapse. For this reason, the US gov is releasing the CBDC/Fednow system. On top of that, the restrict act. We are entering into the collapse of america, and the news is downplaying it.
Those predictions that Credit Suisse "isn't on the brink" & "is strongly capitalized" didn't age very well, at all.
It's almost like the media & business & govt all tell the same lies and end up fleecing the public, again & again & again.
Believe 10% of what you see and NONE of what you hear.
And today they are in the news.
This aged well
today
Who's here after the news today?
Called it
This has age welled.
It's starting now.
Who’s here after SVB collapse
Who here after Silicon Valley plummeted?
So where is your preparation plan?
Thanks you for keeping us updated.
I feel for our country, low income people are now suffering to survive, inflation and recession increasing daily and many families can't even enhance good cost of living anymore. You've helped me a lot Melina Imagine investing $1,000 and receiving $8,200 in Less than a week 🇺🇲
HSBC = best buy used to have credit card
Stop lying and causing false hysteria; it should be illegal. You are affecting people's livees if they believe you
I’m sad no comments are referencing your intro 😂
im waiting
Warren Buffett says. "Don't buy any stock in any company, that you won't hold for 20 years
He only buys what he knows, never day trade or swing trade unless you are a professional and they too lose sometimes..
Cut with the hands. I cant watch this Bepo knock off. Chop the hands off
Just gonna let yall know MIT has predicted full blown economic failure in America by no later than 2040. No more banks, no more stock market. Its qll going to collapse.