Credit Suisse melting down!
by BoatSurfer600
credit
Credit card companies are acting lime its 2008 again…
by AC Back before the 2008 crash all my credit card companies started to lower my limits kn some cases down to a few hundred less then i was carrying. Last month Discover lowered my limit from 19k down to …
JP Morgan sets aside nearly $1B to cover loan/credit losses
The nation’s largest bank by assets posted a profit of $9.74 billion, or $3.12 a share, down from a profit of $11.69 billion, or $3.74 a share, in the same period a year earlier. The results did beat Wall Street’s …
Control of interest rates has been lost and a credit freeze is on the horizon. All Central Banks losing money. Bonds not wanted. Bye Felica
Source: Zerohedge Using joint EU debt and the ECB printer to try to print energy is going to be a disaster. They should go ahead and do it. They need to do everything wrong first before they reach the …
Tavi Costa: Credit bubbles always burst… A blow out in corporate default risk is the next chapter to unfold
This chart says it all. Banking assets in China have grown 7 fold since the Global Financial Crisis. That completely dwarfs the growth of other major economies. China’s banking assets are almost 3x of its GDP.Hong Kong is close to …
Mark Nestmann: Hackers Can Unfreeze Your Frozen Credit Records
Guest Post by Mark Nestmann from this his blog on Nestmann.com: Back in May 2017, credit bureau giant Equifax had virtually its entire database of consumer credit reports stolen by hackers – more than 148 million in all. The attack occurred because …
CDS on Credit Suisse on the way to the moon…
by silvertomars W learned in 2008 that the banks and authorities will keep denying the problems until there is no hope left… and then it is too late for those who believed their assurances…
Credit Suisse /Bank of England react to UK bond market crisis
Concerns about Credit Suisse were amplified by a sudden crisis in UK bond markets late last month. Investors were taken by surprise after Prime Minister Liz Truss’ new government unveiled a package of unfunded tax cuts. That sparked a frenetic …
UK Government debt outlook is cut from ‘stable’ to ‘NEGATIVE’ by top US credit rating agency Fitch after Liz Truss’s mini-Budget debacle
by Boo_Randy The UK just pulled ahead of the US by a nose in our race to become a full-fledged banana republic. https://www.dailymail.co.uk/news/article-11285371/UK-Government-debt-outlook-cut-stable-NEGATIVE.html A top US credit rating agency has lowered its outlook for British government debt from stable to negative after …
CS credit risk has spiked to record highs this morning, topping 280bps at one point – basically disallowing the company from any investment banking business… $46 BILLION in securities with agreements to resell. RIP
by Boo_Randy 2/ CDS are a bit hard to understand, so instead I'll focus on the bonds. The 2025 Credit Suisse bonds pictured below trade at 6.4%. Compare this, for example to Ukraine 2025 debt trading at 67%. Talking about …
Lehman Debacle 2? Credit Suisse Market Turmoil Deepens After CEO Memo Backfires (Credit Suisse’s CDS Now Higher Than During 2008-2009 Financial Crisis)
by confoundedinterest17 New CEO Koerner sought to reassure employees in Friday memo Shares fall to a fresh record low, gauge of credit risk rises It is like the Lehman Brothers debacle in 2008 all over again. (Bloomberg) — Credit Suisse Group AG was …
Federal Reserve Begins Implementation of Social Credit System
Federal Reserve announces major ‘pilot exercise’ for ESG social credit score system Federal Reserve Statement: “Six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure …
CREDIT SUISSE EXECUTIVES Quit
“Credit Suisse loses top executives Welter and McCarthy” ZURICH (Reuters) -Credit Suisse announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in …
Credit Crunch Has Arrived To The UK – No One Wants To Invest In A Collapsing Economy!
Here we go, folks…. Coming soon to America, as well. Are you ready for it? YOU WILL OWN NOTHING, AND YOU WILL BE HAPPY ABOUT IT…. OR ELSE…. https://twitter.com/NargisWalker/status/1574486602642063360 This isn’t Sh*tcoin – it’s the British Pound Most major UK …
They Will Try To Divide Us Again With A “Social Credit Score”. Say No To The Credit Score And Challenge The Architects . They Will Fail!
Italy Creates New Social Credit App To Reward Citizens For Virtuous Behavior Social credit apps, if poorly developed or used, can lead to serious limitations on, and violations of, citizens’ rights and freedoms, as well as discriminatory practices. Nevertheless, Italy …
CREDIT SUISSE CRASHED last week. Pope had money there and removed it from Credit Suisse
ARE THEY BROKE? IS THIS way the Pope recall all of the assets back to the Vatican bank? CREDIT SUISSES CRASH 2022 h/t SS
Florida Warns Credit Card Companies It Will Bring Down the Hammer if They Track Firearm Sales
Ever the protector of the people’s rights, Florida’s Republican politicians are set to make life very difficult for credit card companies like Visa, Mastercard, and American Express should they go through with their plans to begin applying codes to purchases …
The Interest Rate On Your Credit Card Just Hit An All Time High
The interest rate on your credit card just hit an all time high. — zerohedge (@zerohedge) September 21, 2022 Americans go for cheap groceries stores pic.twitter.com/tI6XSQHlla — Alessio (@AlessioTMAD) September 21, 2022 The Fed's HFL–rates are going Higher, getting there …
Problems being caused by Fed hiking: wider credit spreads, rising default risk, shrinking bond-market liquidity, and growing currency turmoil. Uh-Oh…..
via Bloomberg: Excerpt: Strategists are looking beyond the key issue of inflation for other potential market metrics that may cause the Federal Reserve to slow its aggressive cycle of interest-rate hikes. An ugly August reading for US consumer prices last …
5 Ways to Get Out From Under Your Credit Card Debt
Millions of Canadians are feeling the weight of significant credit card debt. Many people were forced to rely on their credit cards during the pandemic, creating a debt crisis that can be tough to handle. If you are being crushed …
Americans Are Increasingly Turning To Credit Card Debt And Short-Term Loans As The Cost Of Living Becomes Extremely Painful
by Michael The “American Dream” is not as affordable as it once was. In fact, tens of millions of Americans are having a really difficult time even affording the basics these days. As you will see below, an increasing number …
Credit Card Companies Will Track Firearm Sales, ‘Major Win For Gun Control Advocates’
(Big League Politics) Credit card companies will now assign a special code for US firearm purchases. This move is being dubbed a “major win for gun control advocates,” because it essentially makes it easier for these companies to track who …
It Begins: NYC Mayor Eric Adams and Officials Urge Credit Card Companies to Create Weapon Code for Gun and Ammunition Purchases
The mayor of New York City, Eric Adams, along with other elected officials and state pension fund trustees, have requested that major credit card companies implement a weapon code for the purchase of firearms and ammunition. “New York City Mayor …
LMAO! White House Takes Credit For Creating 10 Billion Jobs
It appears Common Core math has crept its way into the highest echelons of the Biden administration. On Friday, White House spox Karine Jean-Pierre attempted to actually answer a question – except, while her boss can’t read a teleprompter – …
Deep-Subprime & Subprime Auto Loans Miraculously Cleaned up by Credit-Score Inflation
by Boo_Randy More bankster tricks to get the sheeple deeper into debts they’ll never be able to repay. Credit-score inflation throws a monkey wrench into the calculus of credit risk. https://wolfstreet.com/2022/08/29/deep-subprime-subprime-auto-loans-miraculously-cleaned-up-by-credit-score-inflation/ A miracle in American consumerism happened during the pandemic, …
Cashless Society Is Here! Globalists Call For An End To Cash – Great Reset & Social Credit System
by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the calls by the ECB (European Central Bank) to put an end to cash transactions, claiming that people no longer want to use cash which is obviously false. In recent statements from …
A now-former American Express employee has sued the credit card giant for firing him due to his being a White person.
A former American Express employee on Tuesday sued the credit card company, alleging that he was fired because he is white and objected to the company’s “racially discriminatory” policies, Fox Business reports. Brian Netzel, who lost his job in 2020 after …
China May Suffer A Major Collapse – Finance Is In A Slump, And Major Rivers Are Drying Up. This Could Be Structural Collapse
This is the reason why Beijing's efforts to expand credit is destined to fail. In previous stimulating periods, the property sector accounted for over 60% of total loan generation. With the property market in retreat right now, banks simply have …
And Many Local Banks and Credit Unions Will Fail
Community banks and credit unions are facing a wave of defaults as a rising percentage of subprime borrowers are unable to make payments on their cars. With repossessions surging, local banks will face solvency issues as car prices fall.