Credit Suisse Crisis Explained

Credit Suisse Financial Crisis Explained. #creditsuisse The problem is more of a bad image crisis than a financial crisis. The most frequent question is. Which bank is super safe for depositing the assets? Investors are scared. The Credit Suisse bondholders who lost 16 billion Swiss francs are angry and furious. The pension fund of Migros, Switzerland’s biggest supermarket chain, lost 100 million CHF with Credit Suisse coco bonds or additional tier 1 bonds. They ask for justice.
A dozen US law firms are preparing a class action against UBS, FINMA, the financial watchdog, the Swiss National Bank, and the Swiss government. They want me to cooperate. In this video, I will disclose my opinion, including the arguments of the AT1 bondholders for a class action. I will tell you how I answered the phone calls.
Table of Content
00:00 Credit Suisse crisis explained
01:51 US banks are going bust
02:23 What happens with Credit Suisse?
04:11 Saudi National Bank and Credit Suisse
04:48 Swiss National Bank Credit Suisse
05:08 Credit Suisse share price
05:43 Coco bonds at1 Credit Suisse
08:38 Swiss National Bank provides liquidity
10:22 Bilateral investment treaty claims
12:00 Why Credit Suisse lost money?
12:40 Sergio Ermotti will be the new CEO of UBS
13:05 Wealth management vs investment banking
13:35 Safest business model wealth management
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[@SwissBankingLawyersZurich]

It's not common that shareholders receive a better treatment than bondholders. Contrary to what happened in the US with Silicon Valley Bank and Signature Bank in New York, there was never at any time any capital requirement issue for Credit Suisse and therefore nothing that would trigger either the conversion into stocks or even less the write-off of these bonds. There were presentations and confirmations from Credit Suisse, UBS, and the Swiss National Bank confirming this up until Friday, the 17th of March, before the weekend of the deal. FINMA backed its decision based on a change in law, a sort of emergency law, that took place post-announcement of the deal. From the legal point of view, the legal basis for the application of emergency law stays on thin ice. The Swiss parliament still must approve this change on April 12 and there could be some hope that it does not approve it.

[@bill4116]

This is the most capable Swiss lawyer in practice today!! Cheers Enzo

[@viktoro.ledenyov5829]

Agree!!!😊😊😊

[@SwissBankingLawyersZurich]

Thanks a lot.

[@bill4116]

Utter respect Enzo, utter respect 🙏🏻

[@SwissBankingLawyersZurich]

It's not common that shareholders receive a better treatment than bondholders. Contrary to what happened in the US with Silicon Valley Bank and Signature Bank in New York, there was never at any time any capital requirement issue for Credit Suisse and therefore nothing that would trigger either the conversion into stocks or even less the write-off of these bonds. There were presentations and confirmations from Credit Suisse, UBS, and the Swiss National Bank confirming this up until Friday, the 17th of March, before the weekend of the deal. FINMA backed its decision based on a change in law, a sort of emergency law, that took place post-announcement of the deal. From the legal point of view, the legal basis for the application of emergency law stays on thin ice. The Swiss parliament still must approve this change on April 12 and there could be some hope that it does not approve it.

[@Photon-1927]

Thank you for a great and simple explanation

[@SwissBankingLawyersZurich]

Thank you.

[@dravoj]

Thx Mr.Caputo for your time to explain this Desaster 👍

[@SwissBankingLawyersZurich]

Thank you.

[@entresolysombra5245]

Thak you for your explanation.

[@SwissBankingLawyersZurich]

With pleasure.

[@MsscnNetwork]

marking to market is a very deficient accounting process for bonds, and the duration formula is silly when you can always wait for maturity

[@SwissBankingLawyersZurich]

For composing a performing bond portfolio you need a corporate bond expert. The expert must follow the markets. He must go into the companies and speak with the CEO. He must understand the balance sheet and the business model. Helge Müller from Geneve Invest has a successful bond portfolio composed of companies he personally knows. He prefers companies without a rating. He will do the rating himself. Diversification is imperative.

[@dwlof]

The 2 largest shareholders where the Government of Saudi and Qatar. I saw a theory on CNBC that the Swiss saved the Shareholders and instead burned the AT1 bond holders, because they were afraid that Saudi and Qatar would instruct their citizens to remove their wealth from Swiss institutions.

[@SwissBankingLawyersZurich]

Very difficult to find out if there are just rumors or if it's real.

[@Bobsmith-id4oc]

@Caputo & Partners AG it's uncommon but not illegal it in the bond itself that in case they receive large government support they can write off the bond

[@davidezrhh2397]

hey Enzo, your Videos zu geil!🤙🏼🤙🏼

[@SwissBankingLawyersZurich]

Thanks for supporting us.

[@mubarakalburk399]

Mr.Caputo want you to talk and gives us idea details about oil commodity trade business from A to Z

[@MsscnNetwork]

hahahah - awesome presentation - seems this is just like 2008 with Paulson Bernanke and Obama heheh -

[@SwissBankingLawyersZurich]

The repetition of events in history.

[@Bobsmith-id4oc]

You should not misguide your clients in the prospectus of bond and in its contract it is clearly written that credit Suisse can write off bond in case of large public support.

[@SwissBankingLawyersZurich]

It's not common that shareholders receive a better treatment than bondholders. Contrary to what happened in the US with Silicon Valley Bank and Signature Bank in New York, there was never at any time any capital requirement issue for Credit Suisse and therefore nothing that would trigger either the conversion into stocks or even less the write-off of these bonds. There were presentations and confirmations from Credit Suisse, UBS, and the Swiss National Bank confirming this up until Friday, the 17th of March, before the weekend of the deal. FINMA backed its decision based on a change in law, a sort of emergency law, that took place post-announcement of the deal. From the legal point of view, the legal basis for the application of emergency law stays on thin ice. The Swiss parliament still must approve this change on April 12 and there could be some hope that it does not approve it.

[@Bobsmith-id4oc]

@@SwissBankingLawyersZurich it's uncommon but not illegal it in the bond itself that in case they receive large government support they can write off the bond

[@Sam-gw9qv]

All part of corruption...

[@SwissBankingLawyersZurich]

The former CEO of Credit Suisse, Mr. Brady Dougan, collected 161 million Swiss Francs as a Bonus while the Credit Suisse share price decreased.

[@thomasucc]

I want to pay tax