credit
Massive spike in this CDS (credit default swap rate)
As of March 28, the US Government had just $166B left in cash, after starting the month with $415B. How long will the government hold out? Remember there hasn’t been a single vote on the debt ceiling yet! …
Credit Default Swaps on Charles Schwab
by OptionsKing–CFTC Charles Schwab CDS vs JPM CDS You can even seen the price go up well before SVB (banking crisis as a whole) went under. If I had to take a guess, the company owns a ton of US …
Credit spreads have room for increase
High bond volatility amidst banking crisis suggests that corporate credit spreads remain too tight and may widen significantly in line with the MOVE Index movement. What are your thoughts on this? High #bond #volatility amidst banking crisis suggests that corporate …
If you look at Deutsche Bank’s balance sheet things look pretty similar to Credit Suisse before failure
by Pengufen Deutsche Bank balance sheet: https://investor-relations.db.com/files/documents/annual-reports/2023/Annual-Financial-Statements-of-Deutsche-Bank-AG-2022.pdf Credit Suisse balance sheet: https://www.credit-suisse.com/about-us/en/reports-research/annual-reports.html (2022 Consolidated financial statement) Most of their assets are illiquid and their reserve and cash on hand balance has shrunk by about 50% from a year ago. The same thing happened to …
You will be hearing about ‘Credit Default Swaps’ (“CDSs”) a lot in the coming days. Let me explain it simply:
by TonyLiberty 1) A credit default swap is an insurance contract that protects you in case a company you lend money to defaults. 2) CDSs can be used by investors to speculate on the creditworthiness of companies. For example, an investor who thinks …
“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge
by Michael When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, …
Credit Suisse: “In case you missed it, this was probably the most interesting part that 99.99% won’t get. Suggest reading the book “what every body is saying””
In case you missed it, this was probably the most interesting part that 99.99% won’t get. Suggest reading the book “what every body is saying” Listen then watch very very carefully at the end. The rest is up to you. …
UBS may bail out of the Credit Suisse deal, too many issues.
#UBS may back out of Credit Suisse deal. They have too much toxic short positions would be my guess… Things gonna get spicy real fast pic.twitter.com/Tvjk04pC9N — Jack Straw (@JackStr42679640) March 22, 2023 via Reuters: UBS is set to enter …
Utah School gave extra credit assignment encouraging students to eat insects
A teacher from Utah’s Nebo School district went viral for doling out an extra credit assignment encouraging students to eat insects for a lesson on climate change and claiming that doing so would alleviate some of the harm done by …
Saudi Arabia Lost $1 Billion or 80% on its Credit Suisse Investment
https://www.cnbc.com/2023/03/20/saudi-national-bank-loses-over-1-billion-on-credit-suisse-investment.html The Saudi National Bank confirmed to CNBC on Monday that it had been hit with a loss of around 80% on its investment in Credit Suisse. ” Saudi National Bank Chairman Ammar Al Khudairy on Wednesday was asked by Bloomberg …
How the Swiss ‘trinity’ forced UBS to save Credit Suisse
Source – FT The chaos engulfing crosstown rival Credit Suisse, which had become the basket case of European banking after three scandal-ridden years, was now in overdrive. A day earlier, a SFr50bn ($54bn) liquidity backstop from the Swiss central bank had …
UBS Credit Default Swaps spiking
UBS Credit Default Swaps spiking- the $CS hot potato is just switching hands… pic.twitter.com/p5J8pMz4T7 — Roberto Rios (@peruvian_bull) March 20, 2023 View post on imgur.com UBS right now pic.twitter.com/5txbQq5FX2 — Satoshidisco (@satoshidisco) March 20, 2023
Credit Suisse watches ~$17billion in Tier 1 Contingent Convertible Capital Instruments (CoCo) bonds become worthless. What are Contingent Convertible Capital Instruments (CoCo) bonds? More details inside.
by Dismal-Jellyfish This is starting to come up in corporate media and expect it to make its way here next as more folks are digging into: https://www.barrons.com/articles/credit-suisse-s-coco-bonds-how-17-bn-disappeared-6283ee5f https://www.reuters.com/markets/rates-bonds/redemption-delay-fears-send-yields-european-banks-coco-bonds-spiking-2023-03-17/ https://www.marketwatch.com/story/the-275-billion-bank-convertible-bond-market-thrown-into-turmoil-after-credit-suisses-securities-wiped-out-3cf8e295 https://www.ft.com/content/b5cd8ff0-4c0e-418c-8e4b-dda1d00fa5a7 https://www.washingtonpost.com/business/2023/03/20/why-credit-suisse-coco-bonds-are-causing-anxiety-quicktake/b50cd2a4-c729-11ed-9cc5-a58a4f6d84cd_story.html https://www.marketwatch.com/story/what-are-cocos-and-why-are-credit-suisses-now-worth-zero-634a65e5 https://www.wsj.com/articles/credit-suisse-bond-wipeout-threatens-250-billion-market-10be7d04 Contingent Convertible Capital Instruments (CoCos) AKA Additional Tier …
Credit Suisse promises to pay bonuses despite UBS rescue
Via Financial Times Credit Suisse has told staff that it will continue to hand out bonuses and pay rises as planned this year, despite the bank having to be rescued by UBS in a SFr3bn ($3.25bn) deal over the weekend. Shortly …
Credit Suisse bond BAIL-IN proves the entire western financial system is a grand CON
by: Mike Adams (Natural News) Based on the combination bail-in / bail-out that just took place on an emergency basis in Switzerland yesterday, we now know that the entire western financial system is a grand con. They will change the …
Why the Credit Suisse Collapse is a BIG Deal For Banks Going Forward
By Graham Summers, MBA The banking crisis has just claimed its first major victim. Thus far in this banking crisis, the banks that were in trouble have been large, but not gigantic. The largest was Silicon Valley Bank which was …
Credit Suisse lost $5.5 billion on criminal-run hedge fund, also pleaded guilty in “tuna bond scam” and was convicted in scheme involving cocaine money laundering
by: Ethan Huff (Natural News) The failing 167-year-old Swiss usury branch of private central banking known as Credit Suisse is swimming in scandals, many of them horrendously appalling, that date back many years. Despite only just recently capturing headlines for its …
WallStreetBets: “Credit Suisse (CSGN.SW) down 60+% in european markets. Blood is on the streets.”
View post on imgur.com View post on imgur.com https://finance.yahoo.com/quote/CSGN.SW/ View post on imgur.com h/t dr0id
Credit crunch is already here for Main St. Last week it arrived for Wall Street
by mark000 Main: https://fred.stlouisfed.org/series/DRTSCILM Wall: https://fred.stlouisfed.org/series/NFCI#0 The Wall St number is going to go vertical over the coming weeks. Check out what it did in Aug 2007….. & and pandemic panic in 2007 to see. For all of the various reasons …
Wall Street Analysts were highly recommending to buy SVB… Credit Suisse passed stress test 9 months ago
Silicon Valley Bank collapsed. Yet look at this. Wall Street Analysts were highly recommending to buy the stock. Of 19 recommendations since Jan, 13 were buys, 6 were holds. Only on March 10th, as the bank collapsed, did two analysts …
UBS to takeover Credit Suisse as the 8 Trillion dollar Swiss Banking industry consolidates… Not finalized yet
If a deal is not struck, Monday markets would be rocked by a global banking crisis. FT:Switzerland prepares emergency measures to deliver UBS takeover of Credit Suisse Bloomberg: Credit Suisse Investment Bank Said a Key Sticking Point in Talks UBS …
The fate of Credit Suisse could be decided in the next 36 hours
via CNN: The fate of Credit Suisse could be decided in the next 36 hours after a torrid week for Switzerland’s second biggest bank. Investors and customers pulled their money out of Credit Suisse over the past several days as …
CREDIT SUISSE CFO TEAMS TO WORK ON SCENARIOS FOR BANK – SOURCES
CREDIT SUISSE CFO TEAMS BEING CALLED UP TO WORK OVER THE WEEKEND – SOURCES CREDIT SUISSE CFO TEAMS TO WORK ON SCENARIOS FOR BANK – SOURCES — *Walter Bloomberg (@DeItaone) March 17, 2023
This is a senior director at Credit Suisse, Philip Bunce, or depending on the day , Pips Bunce
View post on imgur.com ‘A “gender fluid” senior director at Credit Suisse has been awarded a place on a list of the Top 100 Women in Business. Philip Bunce, who is known to sometimes go to work in a …
Princeton University Professor: “CREDIT SUISSE is a BIG BIG DEAL”
PROFESSOR: “If you try and compare Silicon Valley Bank to Credit Suisse as a problem for your economy… there’s no comparison… CREDIT SUISSE is a BIG BIG DEAL!” Op’s Opinion: If Credit Suisse fails the Contagion will spread rapidly into …
Credit Sus gets $54 BILLION bailout from Swiss Central Bank. Welfare for the rich and incompetent! Yay! Screw you Poors!
Swiss National Bank says it will provide Credit Suisse with liquidity if necessary h/t ethervillage
Credit Suisse 5Y CDS jumped up to 1,287.27 from yesterdays 571.59 (+125.20 %)
by Kaarothh Source: https://www.boerse.de/derivate/credit-spreads/ Its how much it costs annually to insure an investment in credit suisse. In basis points So 1000 basis points is 10% – if you want to insure your $1m investment into credit suisse you have to …