Credit Suisse at critical moment

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369 said:
369 said:
swiss banks will do fine......because swiss has enough gold to pay off all their debt
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CH has 1040.01 gold which is worth in usd 51,800,124,740.

How much exposure was there in the market from CS? And the inevitable collateral exposure when the SHTF?

It's highly unlikely that their gold reserve covers that.
 
CH was way way way more gold.What you provided is surely only the offical number of swiss government
Also paying debt via gold will be executed after the final monetary system change where gold will be at a WAY higher price than currently
 
369 said:
369 said:
CH was way way way more gold.What you provided is surely only the offical number of swiss government
Also paying debt via gold will be executed after the final monetary system change where gold will be at a WAY higher price than currently
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Show me Numbers?

Having way more gold doesn't mean they own it. CH stores a lot of gold for third parties. And that doesn't count for any debt.

Gold price is heavily manipulated and that is not expected to change anytime soon.
 
you can't show numbers of gold which are stored in switzerland.The gold in Kloten alone would be enough to pay all debt.
Also they don't need to own it.There will be in the end an offical price and a price between banks.So even buying from others will decrease their debt
 
Kloten is a commercial activity. The gov doesn't store gold there. It's only private parties.
 
A few months old but interesting insight into the banks turmoil.


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Analysis: Cracks appear in Credit Suisse comeback plans​


https://www.reuters.com/business/finance/cracks-appear-credit-suisse-comeback-plans-2022-10-28/
"Credit Suisse said its clients pulled funds in recent weeks at a pace that led the lender to breach some regulatory requirements for liquidity, underscoring the deep impact of wild market swings and social media speculation about its health."

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Waiting for the good news when the rebound and everyone will forget.
 
I'mRobot said:
I'mRobot said:
Waiting for the good news when the rebound and everyone will forget.
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It's quite possible. I mean Credit Suisse has a current market cap of around $11bn and Wise has one of around $8bn. The bank is even worth much less than Coinbase. That's a crazy world right there. However if CS keeps it nose clean it may survive in its current form. Otherwise it will be dismembered and its body parts handed out around the banking world like candy.


https://www.reuters.com/breakingviews/saudi-credit-suisse-deal-is-fair-buffett-imitation-2022-11-02/
"Credit Suisse is targeting a 6% return on tangible equity in 2025, once Chief Executive Ulrich Körner has cut costs and shrank the investment bank. If it succeeds, a fair valuation might be 0.6 times tangible book value. That would imply a market capitalisation in 2025 of $26 billion. SNB's stake would be worth $2.6 billion, meaning Chair Al Khudairy could almost double his money in three years, for a 24% annualised return."

Interesting analysis.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Is there even any competitive advantage to CS? Apart from their so-called "stability", which we now see is not stable at all.

It's expensive, has high min deposit, high fees, they do a colonoscopy when you want to open account... sounds like their entire competitive advantage was laundering money for criminals and now that they are forced to stop doing that (allegedly), the bank has no raison d'etre.
 
GeneralGogol said:
GeneralGogol said:
Is there even any competitive advantage to CS? Apart from their so-called "stability", which we now see is not stable at all.

It's expensive, has high min deposit, high fees, they do a colonoscopy when you want to open account... sounds like their entire competitive advantage was laundering money for criminals and now that they are forced to stop doing that (allegedly), the bank has no raison d'etre.
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Similar to Deutsche Bank.
 
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