by GinoF2020 https://www.reuters.com/markets/europe/credit-suisse-posts-q3-loss-4-bln-swiss-francs-2022-10-27/ Bis 2025 will die Grossbank Credit Suisse rund 9000 Stellen abbauen. Allein bis Ende Jahr sollen 2700 Jobs wegfallen.https://t.co/SriPLjP8d4 — Der Bund (@derbund) October 27, 2022 CREDIT SUISSE'S LEHMANN SAYS : BANK AT CRITICAL POINT IN ITS …
https://youtu.be/NklVsjhb6vg Chinese ESG scores are going to be global soon if there isn’t anything that is done to stop them. The elites pushing this are all frauds and have higher scores than the rest of us combined. We must push …
by BoatSurfer600 When the year started, there were 0% odds of recession and four rate hikes projected for ALL of 2022. Now, the odds of recession are 100% and the Fed’s terminal rate is projected to be 5% by early …
via The Dossier: The Federal Reserve has taken a major step in the direction of facilitating an ESG compliant monetary network that effectively acts as a parallel system to that of the Chinese Communist Party’s infamous social credit scoring system. …
by AC Every time I go to any store at all I am throwing around at least a $100 like I’m a 90’s rapper at a strip club. I make a pretty decent amount of money and I’ve been actively …
JP Morgan sets aside nearly $1B to cover loan/credit losses
by BoatSurfer600
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 …
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 …
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 …
By Egon von Greyerz In this latest MAMChat, Matterhorn Asset Management principals, Egon von Greyerz and Matthew Piepenburg, discuss a range of current yet undeniably important as well as converging themes. This, of course, includes the significance of the most recent “Lehman moment” …
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 …
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 …
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…
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 …
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 …
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 …
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 …
by Michael The parallels between 2008 and 2022 just keep getting stronger. 14 years ago, the collapse of Lehman Brothers sent a massive wave of panic through global financial markets and is widely considered to be the key event that …
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 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 …
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 …
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 …
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
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. — 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 …
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 …
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 …
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 …