Credit Suisse collapse rumours

[Dona Ferentes]

Christopher Joye, who runs Coolabah and is the manager for HBRD, out with a good article spelunking through PDS for the stuff he invests heavily in (hybrids) https://www.afr.com/wealth/personal...tunt-be-repeated-in-australia-20230321-p5cu0g

Essential reading,

 

[divs4ever]

Be some fan belts and tea towels going cheap.
Mick

less jewelry bought for the harem

maybe the Beamers and Rollers kept for an extra year or two

but they will remember ( and that will bite hard )

 

[waterbottle]

Feds may throw struggling First Republic Bank a lifeline by expanding emergency lending program

Federal authorities are reportedly considering an expansion of the Federal Reserve's emergency lending program to help banks like First Republic Bank shore up their balance sheet.

finance.yahoo.com

Potential expansion of emergency funding....

 

[Miner]

Hello Team
Should the title be changed from rumor to facts?

 

[InsvestoBoy]

I will take the under.

Banking and investment banking is very different now from the GFC, many lessons in fact have been learned.

I think forward returns on ex-AU investment banks (where valuations are already rich) will be above benchmark and they have strong tailwinds with both rising rates and volatile rates.

I think investment banks are oversold on GFC fears from people who don't understand anything and could offer strong upside surprise.

I do not believe either CS or DB will fail.

I got a notification that @Dona Ferentes laughed at my post with the benefit of hindsight, but I stand by my bet at the time where I was the only person on this forum willing to take the under against utter hysteria that happened to be the literal low for ex-AU investment banks with fantastic returns thanks to rising and volatile rates.

And CS the rumours were just that! Unfounded rumours, promulgated on Twitter, retracted by the journalist who made them 6 months ago.

DB is still up 35% off the Oct hysteria even after the recent woes, CS did not fail it was forced into merger at gunpoint by Swiss FINMA.

Other investment banks like BARC, HSBA, JPM, up 10-30%, UCG up nearly 70%, etc.

EUFN rallied 45% off the lows and still up 30% off the lows today.

 

[rcw1]

Good morning

the plot thickens...

Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years

The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping U.S. clients hide offshore assets and income from the IRS.

www.cnbc.com

Kind regards
rcw1

 

[divs4ever]

Good morning

the plot thickens...

Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years

The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping U.S. clients hide offshore assets and income from the IRS.

www.cnbc.com

Kind regards
rcw1

but did they stop ??

 

[mullokintyre]

The collapse of Credit Suisse highlights the way the US red reserve looks after its own.
The table below is from the Fed Reserve Stress test which gave a clean bill of health to all the listed banks, their capital ratios, just great, they are robust etc etc.
And yet, sitting there in top third of the table is Credit Suisse.
Mick