[theold]

NEW YORK (Reuters) - Swiss financial giant Credit Suisse announced on Thursday that it will borrow up to 50 billion Swiss francs (about 7.1 trillion yen) from the Swiss National Bank (central bank). “We will take decisive action to preemptively strengthen liquidity,” he explained.

https://www.jiji.com/jc/article?k=2023031600588&g=int&utm_source=top&utm_medium=topics&utm_campaign=edit

[Sticw]

The numbers are all getting ridiculous these days...

[sgbuffett]

The market cap is $7B only
It is borrowing 50B....7 times its market cap.

[teaserteam]

The market cap is $7B only
It is borrowing 50B....7 times its market cap.

U measure the Bank's assets etc by market cap?  So u think they r borrowing to save its market price? Anyway, shortists will get squeezed.

[red3]

Unlimited backstop. Huat ah.

[starbugs]

Those with deposits at credit Suisse should just withdraw them asap, while the Swiss National Bank is still willing to help.

[lvlrsSTI]

Those with deposits at credit Suisse should just withdraw them asap, while the Swiss National Bank is still willing to help.

I doubt the bank allows.

[cityhantam]

Credit Suisse is one of 30 banks globally deemed too big to fail 

Market cap : US$ 6.78B

Borrow from central Bank : US$ 54 B

Huat ah! 

[lylcnn]

Maybe 50B Swiss francs is not that much in their business. Quote：
”Credit Suisse saw customer withdrawals of more than 110 billion Swiss francs in the fourth quarter, as a string of scandals, legacy risk and compliance failures continued to plague it.”

[cityhantam]

Maybe 50B Swiss francs is not that much in their business. Quote：
”Credit Suisse saw customer withdrawals of more than 110 billion Swiss francs in the fourth quarter, as a string of scandals, legacy risk and compliance failures continued to plague it.”

Already withdrawn liao!

Swiss Banks like Credit Suisse have been destroyed since they decided to forgo their promise to keep customer's info confidential and to be neutral!

https://kyivindependent.com/news-feed/sw...ian-assets
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https://www.ft.com/content/409d9fc1-7259...6fa25a00a4



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[A2Z]

USD54B is 'won't die' in hokkien.

[lvlrsSTI]

Swiss garment still has tons of gold that Hitler buried under the Alps.

[debono]

Swiss garment still has tons of gold that Hitler buried under the Alps.

Is that a fact or just some speculation..................

[lvlrsSTI]

Is that a fact or just some speculation..................

It’s a fact.



third son of adam and eve crossword