James Sym, head of equities at River and Mercantile, discusses UBS’ deal to buy Credit Suisse and the outlook for the European banking sector.
Credit Suisse crisis: The market is in ‘seek and destroy’ mode, analyst says
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Biggest banks under distress are Banco Santander and unicredit
By UBS buying Credit Suisse is just another bank bailout/ QE by the FED under the table, while they tell everyone things are ok. What a joke !!!
FRC is the biggest risk imo
Why is Santander under distress?
So screw the bondholders because depositors are withdrawing their money in a panic caused by trumpian deregulation and rapidly rising interest rates?
Government gave so much damn stimulus on top of low interest rates only to withdraw everything at much faster pace because they are so scared of inflation so obviously this is going to destroy some banks in the process. One main reason for inflation is the supply chain disruption and russia ukraine war which central banks are completely ignoring hence inflation is not being tamed. Its like they are completely oblivious to this problem and keep tinkering with monetary measures which is ineffective. Only will be effective when central banks put economy under recession and then they will say hey look we controlled the inflation. Morons!
They want to go digital..paper money is done..banks as we knew them are finished
Its TRANSATORY
That’s what they said about inflation, oh dear !
House of cards…….
The Clock is Ticking… 😮☠️
Is Credit Suisse a better buy than Twitter ?
Credit Suisse is no longer in business as an independent company at this point.
Taking the deal out of shareholder vote and giving the bank to UBS for pennies, will send a horrible message to markets, not calming. It’s basically the purest form of communism happening right infront of our eyes. There is nothing nobel about this deal. This is basically the end of capitalism happening. Heck, I’d almost say Putin is winning. The west is imposing sanctions on Russia to cripple their economy, but the opposite is happening, Russia is doing fine and the west economy is falling apart. This is just disgusting to even call this anything but robbery of the investor. So long regional banks, it was nice knowing you.
I’m really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Research and find a broker your comfortable with. Connect your bank. Transfer in your funds. Learn the risk associated with the stock market. Then buy google and amazon. This is not financial advice!
Buy real estate and you will not regret.keeping money in a bank is a loss.
Bot
who is Maria Juliana Ramirez?
@Mark bruh, some of these are bots. We need to miss with them. But concerning your point, getting advice from professionals is no different from getting financial advice anywhere…it’s all a guess. Look at how bad crammer is on mad money.
(issue behind all bank runs, Article1 Section10 “No state shall make anything but silver & gold us minted coin a tender in payment of debts” BY USA Constitutional LAW. BANKS HAVE NEVER PAID OFF THERE DEBTS. Cause they have no legal tender money, THE USA DOLLAR IS PURE DEBT since fed revoked the gold standard)
CBDC Cant BE LEGAL TENDER & DOLLAR ISNT LEGAL TENDER EITHER So Banks are indebted for decades.
Wage is Money owed to you for your labor or services but you have never been paid in silver & gold us minted coin as its the only way in usa to pay off there obligated debt of labor wages
GOLD STANDARD & minting pristine near pure silver & gold us minted 2023 coins ARE THE ONLY Solution to end bank runs & end inflation & end high interests, while guaranteeing the dollar is worth GOLD OR SILVER of appropriate weights only regulated by congress.
Indebted Banks are ash or Zombies & bank runs wont end any time soon.
Its easy banks without gold reserve & no us silver or gold us minted coin ARE INDEBTED & HAVE NO POWER TO EVER PAY OFF THERE DECADES OF DEBTS.
Unlimited Bailouts federalization of small banks = QE = INFLATIONARY
I Still dont think bank runs are over, dollar fiat system only depends on blind trust but as banking instability and fear in banking rises the bank runs will continue to occur as it is inevitable as FED TOOK AWAY YOUR USA GOLD STANDARD OF THE VALUE OF EVERYTHING YOU OWN AND PURCHASED.
GOLD VALUE IMPEDED INFLATION AND HIGH INTEREST cause no one was gonna pay mass excessive prices that steal your gold value, you could hoard gold and wait for interests to drop from banks desperation but hoarding was banned and they then repossessed all usa gold.
SVB would still have gold reserves if we still had gold standard and SVB would have never been illiquid.
I dont think the fed cares about bank runs as JEROME POWELL FEARS LOSING CONTROL OF HYPERINFLATION, If Fed cut rates Now then fed loses control then WAGE PRICE SPIRAL is guaranteed and businesses will go bankrupt from paying LABOR UNIONIZATION of wages over $30 a hour but working at skeleton bare essential labor forces less than rona lockdowns and remote work.
Decentralized Crypto is really the only solution to both global bank runs and rising hyper inflation
Low entry stablecoin can support the poor and rise standard of living quality.
Proof of stake crypto keeps value stability and appreciation of crypto
crypto bitcoin and xrp and nfts are designed for high wealth transactions
Luna classic is not ready for usa but it can rise every nations standard of living whos currency is less than 1 to 1 to us dollar.
Once luna classic repegs to $1 we should lock it to $1 and mint Lunc at a rate to hold $1 lunc, but staking rewards should rise every year to keep staking growth and staking competitive and reinforce diversification in staking.
We plan to Back CRYPTO TO SILVER AND GOLD US MINTED COINS as must be the legal tender of all usa citizens born or naturalized.
ID SUGGEST FED AND US MINT MUST REINSTATE THE GOLD STANDARD AND BEGIN MINTING near pure usa 2023 Pristine gold coins and usa 2023 Pristine silver coins, its the only thing that prevent the entire usa banking system from insolvency bankruptcy
CBDC can never be legal tender as only us silver and gold coins can be considered legal tender as recognized as legal tender by 14 usa states laws.
Nothing Terminates constitutional public debt validity but paying off the debt in Constitutional silver and gold us minted coin or if we returned to usa gold standard backed us dollar.
(Section 4 of 14th AMENDMENT OF USA CONSTITUTION.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Your America and your Europe very quickly collapsed. Your time very bedtime
The way to do it is to go after short sellers!
The issue are the white collar criminals, all of them anglo-saxons, who fucked the bank. The Swiss unit, wealth management included, were always making money. The investment unit shut be shut down.
America can now see how many secret accounts are in credit suisse😅
this is an idiotsyncratic problem
It’s all About Leverage, Debt , Make you or Brake You. With a Debt Structured Economy , What else would you expect. Print or DIE
how do we know if UBS, is in fact, also experiencing a banking squeeze, and as such will use Credit Suisse’s huge line of credit to hiding this in the merge
President Biden, do you have anything to say??
More like a cannibal mode.
lol! There is no bank on this planet that would survive a bank run! It is impossible to survive a bank run! What are these guys talking about.
Uncle Sam to the rescue every time
Webster bank
Deutche bank
Deutche bank next.
Deutsche deserves to go next
@humboldthammer I have to admit you one up’d me
@Philip Bell HAMMERED! lol
@humboldthammer🤣 you live up to the name!
@Philip Bell Now, it’s your turn. If I had a BELL, I’d ring it in the morning . . .
@humboldthammer death knell Bell
Peak inflation Hasn’t even shown its Nether. Be ready
The CPI was altered in 1985 so that we would NOT have an accurate measure of inflation. Borrow + Bomb = the False Profit we the people still follow today since 2001, when that BORN AGAIN President — George Bush — LIED us into two failed Wars in the Name of God.
Trump is the AntiChrist. Vicarius Filii Dei adds up to 666 in Roman Numerals. The Vatican Bank will fall, too, and take its charities and Hospitals with it.
Epochal Eclipse April 8th 2024. Matthew 16: 4 Jonah 3: 4-5, 8 Jonah 4: 11. Don’t stare at the sun — awakening on the 9th.
If you didn’t see this coming months ago … I don’t think you know what you’re doing in the market. Interest rate hikes after the pandemic was intended to create this to prevent runaway inflation. This didn’t just fall out of the sky, it was intended for capital to be moved around to prevent mainstay losses. You learn this in the first year of business school. Ebb & Flow. If you take a step back and look at the beauty of the balancing act, I think so far we’ve done a good job at it.
Yes yes, this is truly beautiful! When the poor get poorer, the rich consolidate their wealth, and thousands of people lose their jobs just trying to live their lives scraping by to survive.
Truly beautiful
I am not sure if he is right or wrong, but this guy has the most punchable face of any human I have ever seen.
WOW OMG
Credit sussie bond holder should be protected and the first to get the money over stock but the swiss gov did the reverse. This will create worse perception people from putting money in the bank. If bond is not protected first then nothing is safe putting money in the bank. expect big drop
Deutsche Bank… they’re coming for you…
UBS is burning through its credibility. A single bank is monopoly and subject to mass runs.
There is no such thing as a systematically important bank. Cover retail losses and let them crash.
Money is an issue that everyone has for a better and luxurious life, life was hard for me until I started trading Shiba Inu and am now earning $17,770 per week.
Wooo that woman and her good work has been everywhere. Been seeing a lot of good comments about her on several places. I feel more confident investing with her, I’ve been on the train for over two weeks now… best Broke for life
@Donald Zizas This is the kind of information that we don’t get from most Youtubers I will get in touch with her right now
I have been able to arrange fund’s to invest i will kick off anytime soon, I have $3,452 Already
I make a million dollars a day trading crypto. Send money and I’ll teach you how to apply my methods to your boring, sad, pitiful life.
Me too, Melinda suck long time for trading partner
What could be idiosyncratic at Credit Suisse other than the Archegos bags?
Well summarized. Market is in seek and destroy mode.
I prefer self destruct mode.
If they stopped the constant daily stupid reporting repetitiveness of the British royal family and mulling their good looks, then we would have been more aware how these banks have been in trouble for a long time… Because of money laundering
Seek and destroy…sounds like the current administration in the USA.
Blackstone .BANK…………..?????????????????????????????????????????????????????/
so many spam bots what is YouTube doing?
Not a word about Saudi Money moving to a BRICS Bank?
That’s what you get when you fund hedge funds that SHORT STOCKS to the GROUND and bankrupt COMPANIES And STEAL from RETAIL investors. CORRUPT STOCK MARKET and the BANKS FUND it are ARE in on it.
Just pay attention to what they’re saying and whoever lies hold their feet to the fire.🔥
Everywhere they want to deposit and invest only then withdraw there is nothing like even a part..
Who believes anything the Biden admin says!?? Inflation was caused by Biden and the gasoline increase price. The minute asshole Biden tookover, gas went up dramatically and has caused everyone to pull back on spending. Biden admin financial people are full of shit and care little about the avg citizen hence the rotting financial system caused by tax and spend dems.
SEEK AND ELIMINATE !?!
The USA banks lack credibility !
First Republic Bank is going to COLLAPSE and bring down the TOO BIG TO FAIL banks with it !?!
Screw the US Fed balance sheet !
Nation-wide bank losses have to be covered up by printing unimaginable amounts of more FIAT currency !
Bank bailouts can cost USA taxpayers an additional TWO TRILLION+ DOLLARS and that is separate from the deficit spending which will increase the national DEBT by another TEN TRILLION+ DOLLARS while Democrats are in office. This MEGA MADOFF PONZI scheme “proudly” made in the USA is getting crazier and crazier and there is no stopping or escaping it !?! 😅🤣😅
the swiss are dirty criminals
Crazy thing to be in debt! It’s INDEED a trigger event. All because you took away the buy button for retail. Now retail isn’t selling GME ( not to mention how much naked shorts there is) Retail would’ve sold for $1000/share now they won’t for $100,000! Keep injecting liquidity, not enough! Mark this comment ! This has EVERYTHING to do with GME!
People have lost trust in the banks. Period.
Too Big To Manage. “Of the Two Evils, choose the Prettier”. This looks like a Shotgun Wedding!
It’s amazing how big banks, who are the biggest institutional investors, manipulate the market, and then come to warn us. I stopped investing through institutional brokers again. $600k might be a lot, but big institutional investors move billions, so they don’t care about ‘small’ investors like us.
I agree, really. Better to invest with individual consultants and brokers rather than these big banks. These guys really don’t care about us.
@Legado This is true. Large investors seek investments that will move the needle, so they don’t care about our couple hundreds of thousands of dollars. I switched to an independent broker a long time ago. Have gained $173,000 in the past quarter alone. I’m sticking with that.
@Zahair O’Brian Wow. This is an impressive number. Can you give me a recommendation on who’s been guiding you?
@Roland Ray I work with Sharon Lousie Count. She’s got an impressive track record, because I’m very careful about who I entrust my money with. You could as well look her up yourself.
@Zahair O’Brian I just looked her up. She seems very proficient. I’ve sent her a message, and I hope she gets back to me. Thank you for the pointer.
I think the biggest fall back in the trust of Credit Suisse was the economic Sanctions that the Swiss Gov has taken on. That has killed our swiss credibility. The Trust was gone over night. International CS had understood that clearly that you if the swiss banks can freeze peoples account for the oy reason of beeing Russian than the barier is broken for any one else we dont like. All it will take a geo political conflict and preausse from USA. We swiss have to learn to stand up for our selfs just like America first. In other words” Wer soch zum wurm macht, kann nicht klagen, wenn er mit füssen getreten wird”
Citadel and Bernie Madoff, by @InvestorTurf
Now, Credit Suisse is on the verge of collapse, looking to borrow more than $53 Billion to stay afloat, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I’m at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
These bank collapses are making stock market investors ask whether Jerome Powell and the Federal Reserve can keep raising interest rates as fast as they have been in order to fight inflation.
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I’ve been in contact with a coach, mostly because I don’t have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize.
@Maia Danziger Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you’ve figured it all out unlike the rest of us.
@richard hudson My advisor is Nicole Joi Anderson, she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Credit Suisse move to Ukraine 😂😂😂