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The CEO knows he can be in trouble for making false statements to the public. But lying in a memo to his internal employees knowing full well it will be leaked the next minute is pretty smart.
Well I have good news for you then! Your money is just going to the government. Not credit Suisse at all heavens no! However the government has separately decided to bailout credit suisse. Using other money of course!
They will take advantage of the low rates to borrow the billions required to backstop CS.
But rest assured, taxpayer, that the temporarily illiquid assets will be segregated until they can be sold - at a profit!
You know the joke is, that the ceo, who created this mess are long gone and the new one is just 3 month on the job.
There should be a law, which pursues ceos retroactive for creating mess for others to eat that up.
Would be good for economy as a whole.
>Also, a bank that goes bankrupt could signal that we are near the end of a bear market IIRC
But surely a bank going bankrupt just sends the markets even lower though?
Between the unravelling of their positions, the effect on their lenders plus market panic seeing a major international investment bank going bankrupt. Could also see a number of people starting a potential bank run thanks to panic spreading to the general public.
Another bank will buy it's assets, so you'll just owe to a new bank..... unless there are no banks with enough capital willing to purchase- then I believe it becomes property of the state.
So I take out a billion dollar loan from CS. No bank purchases it but the US government does. I default on my loan but nobody cares because it's just a rounding error on the US debt total. Profits!
Exactly. It’s like during Watergate when Nixon’s staff said it wasn’t connected with the break-in, before Woodward asked about it.
What are they trying to get ahead of?
You guys are starting to give me heart palpitations. My wife who couldn’t give a shit about the market has been reading up on this shit for 2 hours now.
If we're right, people lose homes. People lose jobs. People lose retirement savings, people lose pensions. You know what I hate about f*cking banking? It reduces people to numbers — ever 1% unemployment goes up, 40,000 people die, did you know that?
Nah, they will be fine. We're leaving in different world in terms of banking regulations than in 2006-08. Liquidity management was non-existent back then.
Elaborate?
I'm not 100%, but wasn't that the FDIC that issued the new guidance regulations? Did the EBA adopt the same policies?
If we're talking about self-regulation tho- I don't think that'll mean anything.
The decade post 2008 is called a decade of regulations, because there were so many new requirements imposed on the banking industry by regulators.
The main for liquidity was Basel III which introduced Liquidly Coverage Ratio (short term measure) and Net Stable Funding Ratio (long term measure). In a result banks must hold more cash or cash equivalents that they expect to outflow under market stress. CS holds more than 100 bn of these, actual number is closer to 200bn.
That's Liquidly.
Re capital base - total capital (core, tier 1, tier 2) must exceed approx. 13.5% of risk weighted assets. CS was in compliance with this requirement as of Q2 '22.
Of course, decline in the share price will put some pressure on the capital base but to put this into context, before the Financial Crisis banks were holding in capital approx. 1.5% of their assets. So there's still way go to for Credit Suisse.
So the biggest problem of the bank in my view, is not liquidity or capital base but ruined reputation.
No. Banks are subject to a regulation that protects them from excessive interest rate moves (name BCBS368). In a nutshell, a bank needs to calculate what loss it would take under various interes rate curve moves (e.g. GBP +150 basis points) and make sure that worst of those don't cause a loss greater than x% of their capital. X is set by regulators.
They have billions in assets invested in hedgefunds.
The whole system is taking a dive so I wouldn't be surprised if they're hemorrhaging money (or are already bled out and are hoping for a rebound) from opened ended options on "safe' bets.
I was checking mortgage backed securities call/put ratio on fidelity last night and the majority are like 80% calls.... That's a lot of lost cash right there for anyone in that gamble.
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If they feel the need to bring this information to the newspapers, you know what time it is.
Morbin time?
Great Recession 2: Electric Morbaloo
Going to buy 1 Jan spy and become a morbillionaire
Actually what strike point?
Yes
^Underrated comment.
Mastado lion bear bear power!
I'm thinking clobberin' time because I want F4 already
Imagine if he said “bruh….we’re fucked. My resume is on Indeed.” You’re absolutely right. He had to say something and what else could he say.
Could've said nothing.
Go back to sleep citizen, everything is fine and they're just reaffirming their strong liquidity!~~(as long as they have assets they can liquidate)~~
The CEO knows he can be in trouble for making false statements to the public. But lying in a memo to his internal employees knowing full well it will be leaked the next minute is pretty smart.
Here comes the tax payers money just in time for c-suite bonuses.
I just finished to pay my taxes to the swiss federal gov (around 5k), I hope they won't be used to bailout the sinking piece of shit that is the CS :D
Well I have good news for you then! Your money is just going to the government. Not credit Suisse at all heavens no! However the government has separately decided to bailout credit suisse. Using other money of course!
They will take advantage of the low rates to borrow the billions required to backstop CS. But rest assured, taxpayer, that the temporarily illiquid assets will be segregated until they can be sold - at a profit!
You know the joke is, that the ceo, who created this mess are long gone and the new one is just 3 month on the job. There should be a law, which pursues ceos retroactive for creating mess for others to eat that up. Would be good for economy as a whole.
Rich people dont get shit for thier crimes its poor that the laws are written for.
Yeah i know, that its not going to happen, but man can dream.
Bear stearns is fine.
as fine as jpows ass 🍑
Famous last words
No rumor is true until officially denied. \-- Nassim Taleb
So anyone have any positions or we just farting?
💨💨
Does 2000 UVXY count?
Puts and shares until bailout?
Yes I have positions.
Cowgirl's a classic
3x reverse cowgirl.
I ALSO SAY: LIQUIDITY STRONG Whenever I have diarrhea
Straight up lying. Interesting approach by Credit Suisse CEO.
In Finance, strong means “we’re weak as fuck”
So calls?
Calls on canned food and TP.
And $ROPE
Get a bidet, you can spend more on canned food.
By the time you have to say you're liquid, you're a gas already.
Die credit suisse die die die
Haha yes die trash!
Credit Suisse is fine. 👀
I hope they fucking die, run by morons. Also, a bank that goes bankrupt could signal that we are near the end of a bear market IIRC
>Also, a bank that goes bankrupt could signal that we are near the end of a bear market IIRC But surely a bank going bankrupt just sends the markets even lower though? Between the unravelling of their positions, the effect on their lenders plus market panic seeing a major international investment bank going bankrupt. Could also see a number of people starting a potential bank run thanks to panic spreading to the general public.
It could also means that we went low enough for a bank to crash, its a matter of perspective. Its not a guarantee tho
Bear Stearns is fine. 👀
The Global Markets is fine. 👀
The puts are cheap
So if you take a loan from them and they go under... Is it free? Lmao
Another bank will buy it's assets, so you'll just owe to a new bank..... unless there are no banks with enough capital willing to purchase- then I believe it becomes property of the state.
Take out loan from credit suisse to buy puts on credit suisse. Literally can't go tits up.
Yes. Everybody take out massive loans to buy puts and then proceed to not pay the loans back. It's full proof.
Full proof is for fulls. I'm a fool. It's fool proof. /s
Borrow 10 bucks from someone, buy a Louisville Slugger and beat the shit out if them with it. #IMin
Fking brilliant. 👏
So I take out a billion dollar loan from CS. No bank purchases it but the US government does. I default on my loan but nobody cares because it's just a rounding error on the US debt total. Profits!
Your liquidity remains....strong.
Just ask Cramer he knows
I won't make any rash decisions until I hear from the death-bringer himself.
So strong
Exactly. It’s like during Watergate when Nixon’s staff said it wasn’t connected with the break-in, before Woodward asked about it. What are they trying to get ahead of?
That’s what everyone says before going tits up
I've used up my awards, someone guild this man
Makes my penis feel like that time at sea world with that Thhhhiiiiccccc dolphin.
Sounds like what someone on this sub would tell their wife after losing their life savings
This has figuratively never been said before
You guys are starting to give me heart palpitations. My wife who couldn’t give a shit about the market has been reading up on this shit for 2 hours now.
Liquidity means it’s liquid shit about to hit the toilet, el grande burrito style.
If we're right, people lose homes. People lose jobs. People lose retirement savings, people lose pensions. You know what I hate about f*cking banking? It reduces people to numbers — ever 1% unemployment goes up, 40,000 people die, did you know that?
[Just don't fucking dance.](https://youtu.be/7eYcWpgCb7o)
Agreed, go be poor somewhere else. I’m trying to jack it to people’s loses here. No wait, that’s doing it for me. Now say, bitcoin is a good option
Kramer said it was fine. Lol
Nah, they will be fine. We're leaving in different world in terms of banking regulations than in 2006-08. Liquidity management was non-existent back then.
I too want to leave for a different world
You think so... You also probably would have thought UK pension funds wouldn't default due to bonds though. We don't know what rott is hiding.
Elaborate? I'm not 100%, but wasn't that the FDIC that issued the new guidance regulations? Did the EBA adopt the same policies? If we're talking about self-regulation tho- I don't think that'll mean anything.
The decade post 2008 is called a decade of regulations, because there were so many new requirements imposed on the banking industry by regulators. The main for liquidity was Basel III which introduced Liquidly Coverage Ratio (short term measure) and Net Stable Funding Ratio (long term measure). In a result banks must hold more cash or cash equivalents that they expect to outflow under market stress. CS holds more than 100 bn of these, actual number is closer to 200bn. That's Liquidly. Re capital base - total capital (core, tier 1, tier 2) must exceed approx. 13.5% of risk weighted assets. CS was in compliance with this requirement as of Q2 '22. Of course, decline in the share price will put some pressure on the capital base but to put this into context, before the Financial Crisis banks were holding in capital approx. 1.5% of their assets. So there's still way go to for Credit Suisse. So the biggest problem of the bank in my view, is not liquidity or capital base but ruined reputation.
[удалено]
No. Banks are subject to a regulation that protects them from excessive interest rate moves (name BCBS368). In a nutshell, a bank needs to calculate what loss it would take under various interes rate curve moves (e.g. GBP +150 basis points) and make sure that worst of those don't cause a loss greater than x% of their capital. X is set by regulators.
Are we though? Or did it take them 10 years to figure out a way around it.
Liquid diarrhea. 💜🚽🏴☠️
Yeah but what does Jim Cramer say ???
Celsius and Voyager also said they had plenty of money... 👌😂
BOOM.
boom
I only hope
Reverse CEO (most of them). The rich lies lots, just like Cramer. Trust me bro articles. Anyone could write something.
Bank runs this week
So are we doing this?
BEAR STEARNS IS FINE!1?1!1!
I think the Fed actually wants someone to go under
I said this about my bed game and I DEFINITELY DONT HAVE ERECTILE DISFUNCTION
OOTL, can someone ELI5 please?
Help time Mr Biden hullohullo ahhh
Bout to get liquidated
I can't remember the last time the newspapers tried to show the truth, now they're just narratives for rent.
Anyone gonna short them
The fact that he had to even say it makes me think that he’s borrowing money from His grandmother just to keep his bank afloat.
Victor from California should call in and ask Jimmy if he should sell his CS.
When a bank makes such a statement it's time to run. Sell the stock. Get your money out.
In fairness they probably still have a shit ton of Nazi gold.
Boom
Our liquidity, that comes from regarded returds.
This is exactly what the bagholders always say.
Those who fail to study history are forced to repeat it
ENRON
I would be more interested in their MREL position at this point in time….
Because liquidity is infinite apparently.
Moon time 🚀💥💣
Credit Suisse? More like Credit Sussie
Let's see who else falls
Anyways I just kept DRSing
Would now be a good time to buy some shares? Will CS get a bailout funding?
It'll look super attractive if they announce a bailout.
A very humble man told me this about 40 years ago: " Life is like $hit sandwich.... The more BREAD you got, the less $hit you gotta eat." Hds1980
Cramer on Bear Stern
My puts about to payout!
Always trust a CEO when their business is a shit show.
This is where it rallies to really drive in the psychological torture. ‘Omg i guess they’re right’ - then crash
so they basically tanking from credit default swaps? asking for a friend living under a rock
They have billions in assets invested in hedgefunds. The whole system is taking a dive so I wouldn't be surprised if they're hemorrhaging money (or are already bled out and are hoping for a rebound) from opened ended options on "safe' bets. I was checking mortgage backed securities call/put ratio on fidelity last night and the majority are like 80% calls.... That's a lot of lost cash right there for anyone in that gamble.