Credit Suisse - Is it going to go bust, if so what happens?
Discussion
If it does go pop, the implications will be far-reaching, not least for London.
https://www.credit-suisse.com/about-us-news/en/art...
Carl_Manchester said:
If it does go pop, the implications will be far-reaching, not least for London.
https://www.credit-suisse.com/about-us-news/en/art...
That statement seems to have little-to-no bearing on the issue of solvency, unless I'm missing something?https://www.credit-suisse.com/about-us-news/en/art...
Carl_Manchester said:
If it does go pop, the implications will be far-reaching, not least for London.
https://www.credit-suisse.com/about-us-news/en/art...
Well, the share price doesn't look too clever, so investors are running away:https://www.credit-suisse.com/about-us-news/en/art...
Carl_Manchester said:
Gecko1978 said:
This has been an armagedon sized rumour for about 28 months now any other truth in it
Truth? this is financial services 
I think its fair to say that things are not looking better than they were. The high-yield deposit campaign has slowed the bleeding but ....
No knowledge of CS, but if anyone wants a good read of the inside story of the last meltdown then this is very good.
https://www.amazon.co.uk/Too-Big-Fail-Inside-Battl...
https://www.amazon.co.uk/Too-Big-Fail-Inside-Battl...
Neil McCoy-Ward talked about this here https://youtu.be/u2BtAJrvHqM
Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
Timothy Bucktu said:
Neil McCoy-Ward talked about this here https://youtu.be/u2BtAJrvHqM
Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
He does have somewhat fringe views, and said there would be a 40% drop in property values 3 years ago.Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
Sells courses though, so thats a thing
Four Litre said:
As others have said this has been a rumour / on the cards for quite some time now. Wouldn't be at all surprised if they went under as I think loss of confidence will eventually finish them off.
I expect that would be the way, if it were to happen.I doubt it’d be through their usual results and going oh, btw were f
ked.Still, if it did I suppose we’d all learn about systemic risk again
Four Litre said:
As others have said this has been a rumour / on the cards for quite some time now. Wouldn't be at all surprised if they went under as I think loss of confidence will eventually finish them off.
The OP is only about 3-4 months late. the 'CS going under thing' was something that was quite intensively discussed in capital markets at around Nov to early Dec. They have sold off bits of the money making stuff and generally did a decent chunk of capital raising - currently there's nowhere close to the same stresses seen on CS credit compared to the end of last year.Catastrophic Poo said:
Timothy Bucktu said:
Neil McCoy-Ward talked about this here https://youtu.be/u2BtAJrvHqM
Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
He does have somewhat fringe views, and said there would be a 40% drop in property values 3 years ago.Note: He's a little too direct and to the point for some on PH to be able to handle I suspect. But he has some interesting insights into the financial world. Take it with a pinch of salt and come to your own conclusions.
Sells courses though, so thats a thing
Gecko1978 said:
Not credit Suisse but Silicon Valley Bank share price fell 61% yesterday a fall in mkt cap of 81bn in 1 day. Makes the bank bailouts in the UK seem tiny. An SVB have not asked for any FED support.
People will look at SVB after the fact and spot all the red flags that should have been obvious all along. Just looking at the customers they get involved with and their relationships with them sets off alarms. Credit Suisse has been a slow motion trainwreck for years.
Edited by pquinn on Friday 10th March 11:54
Bluequay said:
Gecko1978 said:
Not credit Suisse but Silicon Valley Bank share price fell 61% yesterday a fall in mkt cap of 81bn in 1 day. Makes the bank bailouts in the UK seem tiny. An SVB have not asked for any FED support.
A banks share price and it's solvency are not necessarily related.Carl_Manchester said:
If it does go pop, the implications will be far-reaching, not least for London.
https://www.credit-suisse.com/about-us-news/en/art...
Debit Suisse has been limping along on crutches for a long time. Its likely demise is priced in and its trading counterparties will be fully hedged for a default. Nobody would really care, or indeed notice, if it closed its doors over the weekend.https://www.credit-suisse.com/about-us-news/en/art...
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