How does it feel to NEVER be right?the mountain jews will save us all, and with the upcoming QE on wednesday everything will return to normal
>The offer was communicated on Sunday morning with a price of 0.25 francs a share to be paid in UBS stock, according to the report. UBS has also insisted on a material adverse change that voids the deal if its credit default spreads jump by 100 basis points or more, the people said. Credit Suisse closed down 8% to 1.86 francs at the close on Friday.it's only just beginning
>>54203047I'm sure CS's CDS will never jump by 1%, that is a preposterous notion.
>>54203039Most of the failed institutions in 2008 were acquired by other companies.
$1billion?i thought this was one of the biggest bank in europe...
>>54203047lmao 0.25 per share?
>>542030391 billion? is that European billions, which is American trillions or American billion which is European Milliarde? If its one American billion, good luck. This is not even a drop in the ocean. If this is American Trillions hyperinflation is a given.
>>54203079instead of bloviating you could have looked up basic terminology
>>54203066>what is toxic debts
>>54203047>0.25 francs a sharelmao. so it basically defaulted in practice, but we'll pretend everything is ok since it got bought by ubs, got it
>>54203039That's great. I only have a small short position open. So when we pump I can again short from the top and make money. I hope we drag this on for a few weeks if not months until we finally crash down (EU)
>>54203039are you retarded?
Bear Stearns
>>54203039>1 billion>trillion usd holeTheater
>>54203095you have a lower than 3rd grade understanding of the situation, shut the fuck up and sit down
>>54203066big by assets and liabilities, tiny by market cap. Banks aren't businesses like a factory which can be valued by the machines and warehouses they own, they are just a big balance sheets of creditors and debtors.
>>54203368thanks chud for your high IQ take with 0 information
>>54203384you don't deserve any information you stupid faggot, go do some research on the banking system, economics, financial history. Maybe then you can stop embarrassing yourself on anonymous image boards.
>>54203368>shut the fuck up and sit downYou should follow it with:>and listen:then explain why he's wrong in your eyes.
>>54203039their book value alone is like $40 billion, at least going by their 12/31/2022 balance sheet. how is 'up to' $1 billion competitive in any way?
>>54203398hes a know it all know nothing faggot, i wouldn't waste my time explaining anything to him because he will then thinks he knows everything based of his knew only slightly less shallow understand and continuing the cycle of faggotry.OP you are a midwit faggot. You have middling intellect and you should remember that every time you get the idea that anyone wants to hear your opinion.
>The complex discussions over what would be the first combination of two global systemically important banks since the financial crisis have seen Swiss and US authorities weigh in, according to people with knowledge of the matter. >The two banks have had limited contact, with terms heavily influenced by the Swiss National Bank and regulator Finma, the Financial Times reported. The situation is very fast moving and there’s no guarantee a deal will be reached or that the terms will remain the same, the newspaper reported.>The government is preparing emergency measures to allow the takeover to proceed at pace and plans to introduce legislation that will bypass the normal six-week consultation period required for UBS shareholders, the newspaper reported.emergency legislation? shortcuts are being taken...
>>54203430it's funny because instead of credit suisse shitting the bed and killing the economy will have ubs shitting the bed and killing the economy even harder
>>54203430we are in a financial pandemic, we need to act NOW to stop the spread before it's too late
>>54203414Either anchoring tactic or they just want to act as if they are trying but since the states is pressuring them to buy CS they make such an insulting offer that CS has to decline. Like when you start a war with some stupid offers that can only be interpreted as an insult and force the other to a declaration of war.
>>54203462>financial pandemiccan't wait for the vax (aka owning nothing and being happy)
>>54203449its basically the same mechanism that caused the last 2 huge crashes>package good bonds with bad bonds>bad bonds eventually poison the entire thing>package good mortgages with bad mortgages>as abovenow>package bad banks with good banks>...
>>54203478>Well if you own nothing and the market crashes you can't lose and feel sad, so you are vaxxed against recessions.
>>54203394so what? I can do as much "research" as I want, and I have. but so what? The Fed won't change based on what we know
>>54203462>>54203478It's the same thingRepo markets blew up in September 2019, covid starts, Fed ends reserve requirements and we're locked down same day.>As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.https://www.federalreserve.gov/monetarypolicy/reservereq.htm
>>54203394>>54203428Wind that neck in you fucking faggot or I'll fuck your fat momma again till she bleeds. Do you know understand the banking system and the economy, you dumb piece of shit? You fucking cock sucker better buy kneepads while they're still cheap and on your budget.
>offer declinedit's over...
>he thinks this isn't literally worse than we predicted
>>54203398seethe harder, triggered bitch lmao
>>54203368they're paid to be stupid, they won't ever shut the fuck up
1 billion means the stock price is about 30 cents per share. Down 90%.Shareholders get fuckedI'm not sure this is good
>>54203897the offer has been made and rejected. anyone thinking this shitcoin is worth more than 0.25 francs is retarded. we'll see blood on monday
>>54203430another low-information question, but what authority does the US have here? obviously they have tons of interest, in that they dont want the global banking system to collapse, but what exactly can they do? because the article seems to imply that they ARE doing something, specifically 'weighing in'
>>54203039If UBS buys a fucked bank that just contaminates UBS and starts a run on them
>>54203871You're too late to make me in any way moved by your post
>>54203919Flash crash on open and ultra pump later, kek. Fuck all the margin/option traders
>>54203968>another low-information question, but what authority does the US have here? obviously they have tons of interest, in that they dont want the global banking system to collapse, but what exactly can they do?Probably just telling Switzerland what to do.European countries are puppets of the US.
>>54203992>Flash crash on open and ultra pump laterif the withdrawals continue it goes bankrupt within a few days
>>54203368>sit down>>>pledditand hang yourself by the neck until you die, cunt.
>>54203039>crisis averted, nothing to see here
>>54204020yikes
>>54204001>>54203968https://twitter.com/TFL1728/status/1637075239552053250
>>54203039this is almost a 90% writedown on $CS closing value on Friday. Does this prompt a market realisation that the true value of euro banks is way less than their market caps? can i short euro bank stocks to zero
here is another article from 24 hrs ago which has a blurb about retail banking and monopolies>According to Bloomberg News, the two banks are in talks with the goal of announcing an agreement by the end of the weekend. UBS could buy units of Credit Suisse, including Asset Management and Wealth Management, but investment banking would be sold to other investors or wound down.>The hardest part remains retail banking, which is the division serving Swiss consumers. This unit is the only one to have been profitable last year. If UBS gets its hands on it, there is a big risk that it would create a monopoly, which means that the deal could be blocked by the antitrust authorities. UBS and Credit Suisse are the two largest Swiss universal banks.>>54204001so probably a US official leaning on a Swiss official, who then leans on UBS and Credit Suisse?im just picturing some goofy zoom call where the US official repeatedly tries to join the Swiss meeting
Bear Stearns and JPMorgan early 2008 all over again. Almost to the day.https://www.nytimes.com/2008/03/24/business/24deal-web.html
>>54203483>Good banksPost nose
>>54204439>stable>instable
QE on the CS for the Nintendo DS ain't no BS, capiche?
>>54203067Frankly, UBS is overbuying.
Where's the tard who bought 50k shares at ~1.90 each? Wish I'd have saved his screenshot and I bet the nigger didn't sell when he was still up.
1 yard?I wouldn't buy that for a skittles bar
>>54203478>being happyHonestly worth it
>>54204478*Unstable.Let's see that nose of your Anon.
>>54206315I had a medically indicated surgery.
