Credit Suisse: First major global bank to be given a liquidity lifeline since 2008 financial crisis. Banking shares in Europe and the United States suffered another walloping Wednesday. Reverberations from the financial sector’s troubles dented oil prices and lifted the dollar. This was led by the shares of Credit Suisse, the flagship swiss lender, which tumbled as much as 30 per cent. The bank was rocked once more after Saudi National Bank, its main shareholder said it would absolutely not up its stake.
Credit Suisse has now announced it is borrowing $53.7 billion from the Swiss Central Bank. Global markets have been rattled by the collapse of the Silicon Valley Bank and Signature Bank, the sector’s biggest failures since the 2008 financial crisis. Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank.
Credit Suisse welcomed the statement of support, making it the first major global bank to be given such a lifeline since the 2008 financial crisis. the bank says it is taking decisive action to strengthen its liquidity.
#creditsuisse #2008FinancialCrisis #siliconvalleybank
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It'll be fine. Calm down.
“Hindenberg” which supposedly looks for financial abnormalities left the Chat.
The sky is falling.
Digital currency thanks to WEF
Contagion 😀😀😀😃🇺🇸from America this time
It's just money; it's made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different today than it has ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that f***er f***ed me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it, or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers, happy f***ers and sad suckers, fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.
The Economy Will Collapse World Wide
They will Usher in the Mark of the beast
During The 7 years of The Tribulation
The Truth Is JESUS CHRIST Is LORD and RISEN SAVIOR The One and Only True GOD of Abraham Isaac Jacob
The Rapture is a Glorious Day
For GOD's children .
Don't Miss Out Come To JESUS CHRIST
But a Very Very Very Dreadful Day
for the Unsaved have to go through
The Tribulation
Even So JESUS CHRIST
Is
Coming Back
All Glory to GOD ALMIGHTY
will keep tumbling for next 20 days..Than it will be fine..
I DONT NEED ANY MONEY, BUT PLEASE GIVE ME $54BILLION 🙏 🙂…..AND I PROMISE TO MAKE IT DISAPPEAR . IN NO TIME!!
yeh us din maal lag rhi thi oscar wale reporting k time.. saari pehnegi tab bhi maal lagegi ….waise toh jo marzi pehano lekin saari mein maal lagegi iska curve badhiya hai…….
Will this get depositors to return?…
Swiss National Bank = FED Swap lines.
How many banks purchased US Treasuries while rates were at zero? All of them?? How many now have unrealized losses? All of them??
This has just begun and it will continue because inflation is still high and the central banks have to increase rates or if they pivot and reduce rates watch hyperinflation an the destruction of currencies take place globally. Thanks FED.
Look at all these experts here in the comment section….so fun.
That’s 54 billion dollars flushed down the toilet, the Swiss taxpayers just got abused. Credit Suisse will run through this cash in days. Let the bank runs continue!
The sheeple do not understand just how diabolical this announcement is! I personally have lost all faith in the banks. They are nothing more then an evil extension to a satanic lunatic asylum of global politics …
at 1:55, you can see a small number of people rushing to the bank.
If a small or medium-sized bank goes bankrupt now, it will not be a problem. But if several large banks close at the same time, it will be almost pointless to demand compensation from them. You will receive less than one hundredth of your money.
Who is next in line please?
Liquidity is such a civil word for YOU GUYS ARE PAYING FOR OUR PROBLEMS.😊
THANKS
SOME BANKING GUY
This is all a controlled demolition of the current monetary system due to massive ROBBERY that the central bankers have foisted on the people! Criminals!