ZURICH (Reuters) -UBS has formally begun the integration of Credit Suisse (SIX:CSGN)'s parent bank, the Swiss bank said, marking a key next step in what is the first merger of...
By Stefania Spezzati and Huw Jones LONDON (Reuters) - Britain's top financial regulator has asked banks active in the so-called private credit market for details of their exposure...
ZURICH (Reuters) -UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse (SIX:CSGN)...
FRANKFURT (Reuters) - The European Central Bank's chief supervisor on Thursday supported creating global standards for convertible bonds that were wiped out as part of Credit...
By Paritosh Bansal and Tatiana Bautzer NEW YORK (Reuters) - The banking sector is not yet out of the woods, with reinflation a risk if banks fail to sufficiently predict rate...
By Sam Tobin LONDON (Reuters) -Credit Suisse saw off a case brought against the bank over $100 million of notes linked to residential mortgage-backed securities on Friday,...
By Stefania Spezzati, Oliver Hirt and Elisa Martinuzzi LONDON/ZURICH (Reuters) -Swiss authorities and lenders, including UBS, are discussing new measures to prevent bank runs...
By John Revill BERN (Reuters) - Swiss National Bank (SNB) Chairman Thomas Jordan on Wednesday defended the central bank's handling of the Credit Suisse (SIX:CSGN) crisis...
By Casey Hall and Sophie Yu SHANGHAI (Reuters) - China's Alibaba (NYSE:BABA) is pressuring merchants to offer rock-bottom prices on its marketplaces in this year's Singles Day...
GENEVA (Reuters) - The Swiss National Bank may need to tighten its monetary policy further depending on how inflation develops in the country, Vice-Chairman Martin Schlegel said...
Those who lost almost everything invested cos they did not sell on time and still holding!
0
I guess nobody can even guess how deep the rabbit hole is
0
its fair value will work out in negative..zero value will be an extraordinary honor for this bank
1
Even the word 'Crisis' is embedded in the name of the company C-R ed-I-t - S-u-I-Ss
0
Going to effectively zero with future share dilution
1
Unfortunately this is the most likely scenario.
1
wow deluded it's a massive Bank 🏦 that's in the process of restructuring not some xxxxbox American bank with no reserves people need to stop buying the bullxxxx and realise deflecting a problem overseas to credit suisse doesn't make it there problem 🙄
1
Tbh, I'm disappointed by the senior management (Lehmann and Ulrich K.). They went on to Bloomberg to say that they don't need any support from Swiss Central Bank and yesterday the news telling otherwise. They completely lost my trust and I'm taking my words back that CS is investible. Its only for short term punters. I expect more dilutions to investors and God knows how many more rounds of fund raising is needed.
True that but I believe they will need to tap more funds as they have already hinted in q4 report. They admitted it on record saying there is 'weakness' in their reporting. That's why they were under investigation by SEC. I don't think we can trust anything said by the senior management
0
the weakness in there reporting wasn't really that week though as they don't need to re submit it.
0
The final nail in the coffin for me is they lied that they have stopped the AUM outflow. Management is completely untrustworthy. Expect more ligitation fees for misleading investors
0
shud turn hopefully
0
Book value of Cs is over 10$. Give it time to turn around.
1
just bought more 🙂
0
Might even see 2.4 at market close
0
headlines starting with Saudi national are for shock and awe,they mearly said regulatory they can't exceed 10% investment in credit suisse,credit suisse being distributed by big players who are obviously accumulating massive at these lows