by Chris Black It is ironic that the Credit Suisse Bank CEO name is Lehmann. Cohencidence, naturally. Well, I guess this is the part where the rug gets pulled out from under us. Enter the digital currency because that will …
No more money for Credit Suisse That's what Saudi National Bank Chairman Ammar Abdul Wahed Al Khudairy told @youseftv when asked about more assistance for the troubled lender https://t.co/GFLboCOwyj pic.twitter.com/iSjco40v8D — Bloomberg TV (@BloombergTV) March 15, 2023 BREAKING: "Absolutely" not …
CS is about to not be fine Credit Suisse’s top shareholder rules out providing more financial assistance to the struggling Swiss bank, citing regulatory issues https://t.co/sqjJiRF6mF — Bloomberg (@business) March 15, 2023 Its’ Over For The Swiss Giant! You can’t …
The bank’s ‘weakness’ was in its capability to design and maintain effective risk assessments in its financial statements, the report stated. The bank admitted in the report that ‘the group’s internal control over financial reporting was not effective’ and ‘management …
via Dailymail: Credit agency Moody’s put six banks on watch for a potential downgrade. First Republic, Zions, Western Alliance, Comerica, UMB Financial and Intrust Financial are all being reviewed over ‘extremely volatile funding conditions for some US banks exposed to …
CS – 15% Commerzbank – 11% and so on this crisis is just starting https://www.bloomberg.com/quote/CSGN:SW AC
by Martin Armstrong Credit Suisse has gone from one crisis to the next. Last month alone, the bank reported that customers have withdrawn $120 billion. A rogue employee stole the names of people with $50 million or more and probably …
by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/3/9/MBS1200-23.pdf ELECTRONIC POOL NOTIFICATION (EPN) Agency mortgage-backed securities trades that are submitted to Fixed Income Clearing Corporation (FICC) for processing are traded on a “to-be-announced” or TBA basis. While some of these are “specified pool trades” (transactions based …
I’m sure everything’s fine… Source: https://twitter.com/thetranscript_/status/1633740109676683266 h/t rs06rs
by confoundedinterest17 Hang ’em high! As inflation remains persist (thanks to endless Fed stimulus and endless Federal spending splurges), we are seeing The Federal Reserve finally withdrawing the monetary stimulus (tightening the monetary noose). And with it, the US Treasury yield …
The ECB needs to raise rates a lot. That will put the dagger in this Vampire bank . Euro expected to crash when that happens. And we will see contagion with other banks. Not wise to have large amounts …
from reuters: Blackstone Inc (BX.N) has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, Bloomberg News reported on Thursday. “This debt relates to a small portion of the …
US banks are losing deposits on a year-on-year basis. This is very unusual, and negative deposit growth was indeed last recorded over 30 years ago. Banks might soon be forced to step up their game and pay more on deposits …
by confoundedinterest17 The US economy, despite the tight labor market, has been shot through the heart by Biden’s economic policies. The Biden Administration (aka, Obama’s third term as President) is giving government a bad name. On the corporate side, US bankruptcies in 2023 had …
(Bloomberg) — Investors are losing faith in Brazil’s corporate borrowers in the aftermath of Americanas SA’s implosion, defying reassurances that the century-old retailer’s collapse was a one-off with no broader implications. Instead, in just the few weeks since the default, …
Credit Suisse continued its long death spiral yesterday, losing 15.64 percent of its market value in one trading session to close at $3.02 on the New York Stock Exchange. The trading action came on the heels of an earnings report that was …
Guest post from Peter Schiff of SchiffGold.com: Consumer debt grew at a slower pace in December, but Americans continued to rely heavily on credit cards to keep up with high price inflation. Americans added another $11.6 billion to their debt load …
Bill Hwang took it all down. That man is a legend. Credit Suisse Group AG CS 3.81%increase; green up pointing triangle reported a fifth consecutive quarterly loss and faced a $100 billion torrent of withdrawals from the rich customers who …
Young people gotta start paying student loans again later this year … — The North Farce (@MuzzMuzzington) February 9, 2023 Consumer spending has slowed down 🔥 Everything is fine 🔥 pic.twitter.com/2aLs1aInHj — Wall Street Mav (@WallStreetMav) February 9, 2023
🚨BREAKING🚨 CREDIT SUISSE JUST REPORTED ITS WORST ANNUAL LOSS SINCE THE 2008 FINANCIAL CRISIS $CS — GURGAVIN (@gurgavin) February 9, 2023
The White House on Wednesday sidestepped a question regarding a $250,000 line of credit President Biden took out against his Delaware beach home amid an investigation into his son Hunter Biden’s tax affairs and as his classified documents scandal unfolded. …
These assholes are going to win if ESG happens. Environmental, Social, Governance. It goes hand-in-hand with ‘stakeholder capitalism’ where they determine that people not even involved in a company are stakeholders because the environment. It’s just more leftist pilpul and backdoor …
https://twitter.com/leadlagreport/status/1623030861141577742 The default cycle has begun. Several large land bankers in Vancouver have filed for bankruptcy, unable to refinance their loans now that the music has stopped. — Ben Rickert (@Ben__Rickert) February 7, 2023 The average home is STILL selling …
by confoundedinterest17 The Federal Reserve is doing Archie Bell and The Drells “Do The Tighten Up!” Over the fourth quarter, significant net shares of banks reported having tightened standards on C&I loans to firms of all sizes. Banks also reported having tightened all …
Source:CNBC Amazon reports its first unprofitable year since 2014 Amazon lost $2.7 billion last year, the company said on Thursday. This was despite holiday-season sales growing 9%. Amazon’s shares fell in after hours trading. By far, the biggest culprit for …
For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb …
by ihpalash I urge everyone to read this article carefully. https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/ More people are using their credit cards, to fight inflation. Put their income is not enough to live by. So they racking up credit card debt, People …
You have to reject else it passes In other words they assume you accept it AC
by confoundedinterest17 As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, consumer credit increased 7.9% YoY while personal savings fell -64.8% …
