severestorm
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Maybe. I still think the worst is ahead.
No snow for you
Member
- Joined
- Dec 28, 2016
- Messages
- 502
- Reaction score
- 786
Ok guys and gals the Fed is printing again and tech is responding. It is hooked on Fed liquidity. So I’d appreciate it if y’all can hold this together tomorrow and next week as I take the Fam to St. John for 9 days. Tia
Just buy calls and have a nice trip!
oop
bingcrosbyb
Member
Bleeding continues
www.nytimes.com
First Republic Plans to Raise Cash by Selling Shares Privately
After a bailout from the biggest banks, the ailing midsize lender is searching for more help to shore up its finances and soothe the fears of investors and depositors.
severestorm
Member
Inflation's going to skyrocket.
severestorm
Member
Midsize banks are reportedly requesting the FDIC to insure all deposits for two years per Bloomberg
bingcrosbyb
Member
Of course they are asking. It’s free money to them if they get accounts >$250k insured.
severestorm
Member
Credit Suisse’s Riskiest $17 Billion Bonds Rise After UBS Deal
(Bloomberg) -- Most Read from BloombergUBS to Buy Credit Suisse in $3.25 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferMidsize US Banks Ask FDIC to Insure Deposits for Two YearsSwitzerland Weighs...
bingcrosbyb
Member
severestorm
Member
Lol I believe them sooooooo much
The new normal is central bank coordination to backstop every facit of the financial system and the economy. This ultimately leads to government control over everything. In the meantime, institutions can make whatever poor decisions they want and they'll just get propped up, backstopped, or taken over. No big deal. Probably a big green day in the stock market tomorrow.
buckinbronco
Member
Wouldn’t be surprised to see the next headline read something like this…
YELLEN: I SWEAR THIS WILL BE THE LAST FINANCIAL CRISIS IN OUR LIFETIMES, FOR REAL THIS TIME, TRUST ME BRO
YELLEN: I SWEAR THIS WILL BE THE LAST FINANCIAL CRISIS IN OUR LIFETIMES, FOR REAL THIS TIME, TRUST ME BRO
Credit Sussie..
Cliff notes.
UBS-Credit Suisse Deal Verdict Awaited in Asia Trading
UBS to take over Credit Suisse with billions in SNB, state support
Holders of risky bonds face $17 billion wipeout
Fed, global central banks move to boost dollar funding
Thousands of jobs at risk; CS investment bank to shrink
Treasuries fall with yen amid positive market reaction..
UBS Group AG is emerging as a rare winner in Credit Suisse Group AGs crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.
Government backstop helps clinch an emergency weekend deal
UBS plans to shrink investment bank, significant cost cuts..
-------------
An emergency ordinance, a government backstop, and shareholders coming out better than some bondholders: UBS Group AGs government-brokered deal to buy Credit Suisse Group AG is historic, complex and unique.
Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firms riskiest bonds, known as AT1s, worth $17 billion.
These money managers are set to be wiped out potentially sending that $275 billion market for bank funding into a tailspin, while threatening blowback for European policy makers in crisis-fighting mode.
Money managers are frantically poring through the fine print for these so-called additional tier 1 securities to understand if authorities in other countries could repeat what the Swiss government did on Sunday: Wiping them out while preserving $3.3 billion of value for equity investors. Thats not supposed to be the pecking order, some holders in the bonds insist.
This just makes no sense, said Patrik Kauffmann, a fixed-income portfolio manager at Aquila Asset Management, who holds the notes. Shareholders should get zero because its crystal clear that AT1s are senior to stocks.
One UK bank CEO put it even more bluntly: The Swiss have killed this key corner of funding for lenders, he said, asking not to be named because the situation is sensitive. His comments underscore how the global financial community is on edge after the UBS takeover of Credit Suisse, which came on the heels of the collapse of three regional US banks.
Cliff notes.
UBS-Credit Suisse Deal Verdict Awaited in Asia Trading
UBS to take over Credit Suisse with billions in SNB, state support
Holders of risky bonds face $17 billion wipeout
Fed, global central banks move to boost dollar funding
Thousands of jobs at risk; CS investment bank to shrink
Treasuries fall with yen amid positive market reaction..
UBS Group AG is emerging as a rare winner in Credit Suisse Group AGs crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.
Government backstop helps clinch an emergency weekend deal
UBS plans to shrink investment bank, significant cost cuts..
-------------
An emergency ordinance, a government backstop, and shareholders coming out better than some bondholders: UBS Group AGs government-brokered deal to buy Credit Suisse Group AG is historic, complex and unique.
Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firms riskiest bonds, known as AT1s, worth $17 billion.
These money managers are set to be wiped out potentially sending that $275 billion market for bank funding into a tailspin, while threatening blowback for European policy makers in crisis-fighting mode.
Money managers are frantically poring through the fine print for these so-called additional tier 1 securities to understand if authorities in other countries could repeat what the Swiss government did on Sunday: Wiping them out while preserving $3.3 billion of value for equity investors. Thats not supposed to be the pecking order, some holders in the bonds insist.
This just makes no sense, said Patrik Kauffmann, a fixed-income portfolio manager at Aquila Asset Management, who holds the notes. Shareholders should get zero because its crystal clear that AT1s are senior to stocks.
One UK bank CEO put it even more bluntly: The Swiss have killed this key corner of funding for lenders, he said, asking not to be named because the situation is sensitive. His comments underscore how the global financial community is on edge after the UBS takeover of Credit Suisse, which came on the heels of the collapse of three regional US banks.
severestorm
Member