liquidity injection from the Swiss National Bank proved insufficient to buoy the bank’s operations once the Saudi National Bank said it wouldn’t provide any more assistance.by the long arm of the Swiss government. This time the government needed UBS to lend a helping hand.
There are many financial system and banking system takes to be had here, but here’s a crypto-focused one. Despite its lofty side quest to disrupt finance, it wasn’t crypto that upended these banks and it certainly didn’t upend Credit Suisse. Bankers were so busy laughing at crypto's unraveling they didn't realize their banks were also unraveling.
Instead of failing because Bitcoin made banking services obsolete, Credit Suisse failed because it wasn’t good at being a bank. Remember in 2021 when Credit Suisse took
gckaloudis Save that bullshit!!! Banks are 💩 fiat currency is 🧻. No bailout or Fed backing bitcoin and yet it’s crushing banks. First republic shares fell 50% and they halted trading. Halted! Short all banking stocks and blow up the whole fucking scam system.
gckaloudis A good platform and talented team with a practical idea, has long-term SecondLiveReal secondlive metaverse web3 gamefi stake bean earn live
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World markets set for relief after Credit Suisse buyout, central banks actionFinancial markets were poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial system. This deal is the worst deal of the century. Reminds me of the US leaving Afghanistan under bidens watch. What a shit show.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks steady as Credit Suisse buyout brings reliefTrade nevertheless remained tense and volatile as contagion fears stalked financial shares. Credit suisse is too small to affect the ENTIRE stock market… We are still on the verge of economic collapse and World War III. There is no hope for the future. It’s over.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks steady as Credit Suisse buyout brings relief By Reuters*GLOBAL STOCKS EDGE HIGHER TO START THE WEEK ON CREDIT SUISSE BUYOUT Some $SPY levels to watch for the week ahead👇🏽 Pump it Should be an interesting week
Source: Investingcom - 🏆 450. / 53 Read more »
European stocks slide as Credit Suisse buyout fails to soothe investorsEuropean stocks fell on Monday and shares of Credit Suisse dived more than 60% after UBS agreed to buy the troubled bank in a $3 billion deal, valuing the Swiss lender at just a fraction of its market value and sparking fears of a broader banking crisis. 2022 year of horror 2023 year of rebellion, 2024 year of solution, 2025 is the year of implementation of the new monetary system, Then you will live happily without owning anything... What is this headline? 17 billion in tier-1 bonds were marked as worthless. The bank itself sold for a fraction of its worth. And someone thought this would “soothe the markets?”. It’s an enormous scandal and shock. I mean, has the deal even finalised yet ‘T’s crossed and ‘I’s dotted? I don’t blame them for being apprehensive
Source: Reuters - 🏆 2. / 97 Read more »