https://www.bloomberg.com/news/arti...eo-says-firm-at-critical-moment-sees-strength
Stock is plumping very hard
Stock is plumping very hard
Credit Suisse at critical moment
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Please not the only bank I have no problems with cry&¤
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
CS is a criminal enterprise masquerading as a bank. Not sure why it has not been disbanded and its assets sold to other banks.
Yup like how Credit Suisse went to Qatar cap in hand during last crisis. UBS was no better as Swiss government had to bail them out directly.
https://www.business-live.co.uk/economic-development/ubs-bailed-out-swiss-goverment-3954355
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Like any other bank. With the difference that CS delivers good service.
I have nothing to complain about UBS either.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
CS needs stabilization from their leveraged buyout business in big trouble, the nation core business is in good shape. Possible ways out are to put investment banking back into their First Boston brand, the leveraged buyout holdings into a bad bank, and count on the bank getting bailed out by Swiss taxpayers, like UBS was successfully from their sub-prime desaster 14 years ago. I am not worried for my account, but glad I have no shares in the bank.
It was the pinnacle of financial engineering.
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not going to happen.They will be bailed out with an asset which is stored massivly in switzerland
Well they are exiting certain business streams. They sold of their Trust Services (to Butterfield bank) after Ivanishvili drama and ended their prime brokerage after Archegos Capital Management drama etc etc. They will likely sell of their investment banking division and focus solely on their Swiss retail, private bank/Wealth Management with a Swiss model and an Asia focus wealth model. Eventually U.S will put sanctions on China and CS will go under due to future heavy exposure to China...lol. As a former client they are getting rid of everything that made them unique as a one stop shop.
Sadly Credit Suisse has stepped on every landmine in the field. They also have proven they cannot make money by doing clean, legal and low risk business. It's scandal after scandal for last decade. There is gross incompetence in the banks management and risk control that I don't think they have fully addressed. Their Swiss banking model is dying alongside their overpriced investments. Lending to wealthy people is all they have left to attract new clients. They need a major revamp. They need a a new business model relevant to today's new generation of entrepreneurs (future wealth management clients) or they will be the next NetFlix special "The rise and fall of Credit Suisse". I see personally this bank being sold off in pieces as their name is now garbage and they are not in good shape.
https://www.cnbc.com/2022/09/22/cre...al-hike-looks-to-possibly-exit-us-market.html
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Embattled Credit Suisse Faces Social Media Wrath
https://www.msn.com/en-us/money/other/embattled-credit-suisse-faces-social-media-wrath/ar-AA12xPv8
lol
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The comments included ones from a user named "Sguru1" who asked "If credit suisse goes bankrupt what bank are people gonna use as a middle man to commit financial crimes?"
Another user, "forreddituse2," responded that "Deutsche bank and HSBC are happy to take the job." User "PhotonResearch" said "Wells Fargo lets you do anything if you let them open additional accounts in your name."
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Likely a bad and good bank will emerge. Organize alternatives asap if you have more than 100k on account.
Ideal moment to “merge” the good parts into UBS and get rid of the CS brand.
Last edited: Oct 4, 2022
Do you think money will be burnt?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Based on the recent history with Greek and Cypriot banks I wouldn't be surprised. What happened then* was a blueprint for the future and showed what “they” can get away with.
* everything above 100k euro was gone from (current and saving) accounts.
After the last couple of days and having heard from inside on what is going on. I agree with you. Apparently on the 27th a roadmap will be presented. Until then nothing major is foreseen.
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