Credit Suisse at critical moment
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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
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
Will be watching close to see if this is really going to happen. I don't believe it will, someone will rescue the bank and their mess if it come to all.
Credit Suisse prepares Swiss business sales to raise capital, Financial Times reports
https://www.reuters.com/markets/eur...s-business-sales-raise-capital-ft-2022-10-15/
Credit Suisse Currency Rigging Claims Go Before U.S. Jury
https://money.usnews.com/investing/...se-currency-rigging-claims-go-before-u-s-juryCredit Suisse taps RBC, Morgan Stanley for capital increase
https://www.reuters.com/markets/eur...y-capital-increase-bloomberg-news-2022-10-18/
Credit Suisse to pay $234 mln to end French tax probe
https://www.reuters.com/business/fi...be-with-prosecutors-court-hearing-2022-10-24/
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."
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 his︁ money in three years, for a 24% annualised return."
Interesting analysis.
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 his︁ money in three years, for a 24% annualised return."
Interesting analysis.
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.
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.
Caputo says that Credit Suisssss is good, so admins can close this thread.
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