The Collapse of Credit Suisse

[@HT-vd4in]

The fact that one of their Chairmen is named Lehman is so absurd 😂

[@vinniechan]

He is German and to be fair by his own admission they needed a clean up

[@joelrobert4053]

lmaoo

[@vanesslifeygo]

😅😅😅😅😅😅

[@Ancient_Employee]

Leh, meh, 😕

[@delinquense]

Yeah .. I caught that too ... run for the hills!

[@bernardallen55]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

[@danieljackson87]

Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.

[@danieljackson87]

@Davies McCamey My trustworthy advisor, Ruth Loralann Brennan, works for a fee only. She actually offers free consultations and always has the interests of her clients at heart. She and I have been colleagues ever since I turned 40. She is a busy woman, but if you can catch her attention, she might be able to help.

[@andrewlogan7737]

@@danieljackson87 Simply by pasting Ruth's full name into my browser, her website immediately displayed. You've spared me from doing a lot of tedious research, so thank you.

[@chinaman1]

​@@danieljackson87 Ruth's pretty hot.

[@rightwingsafetysquad9872]

@james. Bonds price in such a way that once you're in bonds, you cannot make money by selling and buying new bonds at the higher rate. Once you're in treasuries, the only way to make more money is to take on more risk.

[@billdubya9626]

4PM EST - USB ANNOUNCED PURCHASE OF CREDIT SUISSE FOR 3.2B…. Less than three hours after this video was uploaded. Hahah. EXCELLENT PREDICTION! This channel is awesome!!

[@dosgos]

Credit Suisse built a massive investment banking platform in NYC with the 1980s acquisition of First Boston, and the 1990s acquisition of DLJ. It was a top-tier global player.

[@jimbojimbo6873]

Exactly, especially its Investment Banking arm. There’s a reason why it’s part of the Bulge Bracket

[@delinquense]

Was

[@forbesy33]

DLG was a acquired at the top of the market for 10bn a year later the two combined were worth less but now with UBS buying CS for 2bn that still seems like a bargain.

[@alexanderSydneyOz]

"It was a top-tier global player." But quite a small bank in terms of market cap. 155th in the world ranked by market cap, I gather. (last week...)

[@dosgos]

@@alexanderSydneyOz It was a top-10 global bank by revenues in 2005, according to Fortune Magazine. It had large investment banking & wealth management businesses, regularly near the top of the league-tables.

[@640A]

Whether the rumors were true or not they deserved to fail after all the nasty and shady things Credit Suisse had done in their history!

[@willengel2458]

do you think other banks are any better? Swiss banking was about secrecy, when IRS forced it to divulge names of US clients/tax dodgers, it was the beginning and end for Credit Suisse.

[@grahamstrouse1165]

@@willengel2458Credit Suisse was shady even by banker standards. They’re Bond villain evil.

[@AndrewInvest]

True!!

[@mikatu]

People are talking about CS has if this was something new or sudden. CS is having problems for many years, many many years in fact. The collapse is now causing problems just because of the ripple effect since the american banks collapsed and an european bank could lead to a bank-run and that would be fatal for the entire world. The collpase of CS is a good think since the bank should have been closed long time ago.

[@delinquense]

Did you extend your pinky finger to the corner of your mouth when you said "fatal to the entire world"?

[@mikatu]

@@delinquense credit suisse is an evil global bank, it is a known fact. ubs might be the same to be honest.

[@BrauseKL]

We need more on credit suisse, these landscapes are so beautiful

[@DistrustHumanz]

*facepalm while shaking head*

[@castlekingside76]

While biting down on a towel

[@eS._Te]

😂🤣 best comment

[@dougsheldon5560]

They should move their headquarters to Ohio, they're used to train wrecks there

[@josemariaserrano181]

CS cannot collapse but also it cannot survive, so will be bought by UBS with near certainty

[@888ssss]

bought with what ? more faked printed dollars - lol

[@lovswr]

Yes, that is exactly what happened.

[@kineahora8736]

Yup

[@KamiInValhalla]

As much as many of the issues are of their own making, it is amazing just how powerful technology has made communication with a single tweet being able to terrorize an organization despite not even being mentioned.

[@MrG_11]

Biggest example in recent history is the hindenburd report on adani. Wiped out 100 billion like nothing

[@fredm.2699]

Lesson I hope not to forget: when a CEO of a public company involved in rumors tells you “our balance sheet is strong, everything is going great” just run away. Bear Sterns, Credit Suisse, Silicon Valley Bank…all their CEOs said everything was fine sometimes just 24 hours before some wild decision was made

[@Dan-yf2df]

If this isn’t a Lehman moment then it’s a Bear Stearns moment which proceeded the 2008 financial crisis by about one-half year.

[@DarkTallahassee]

SVB is Bear Stearns, Credit Suisse is Lehman. Bear Stearns was sold off as part of dissolution, which is basically FIDC take over. Credit Suisse on the other hand is teething on complete collapse unless UBS and the Swiss gov made something out of it. This mirrors Lehman's fate when they (Gov, banking peers) could not decided whether to save it or not.

[@mikatu]

@@DarkTallahassee The swiss gov has nothing to do with the bank, and for sure they won't be buying or lending anything to a private company. The swiss central bank is the one going to lend money, but that is a private bank therefore the government has nothing to do with it.

[@AdamSmith-gs2dv]

@@DarkTallahassee The problem is now UBS has an anchor tied around them. At best a merger delays the collapse

[@AndrewInvest]

This just gets better and better! The next few months are going to be very interesting.

[@quy3876]

Credit Suisse turned into Debit Suisse 😂😂😂

[@weiSane]

😂😂

[@ladhkay]

They just got bought out by UBS, you were spot on!

[@PerpetualPreponderer]

Their CEO’s name is Alex LEHMAN??!! Seriously, truth is stranger than fiction!

[@delinquense]

LehmanN

[@jordanzizzo3320]

& a cross dresser

[@psylee8687]

Joo

[@bubblegum9982]

This is not anything like Lehman the decline of Suiss has been happening slowly since 2009

[@garzongarzon7514]

Tomorrow will be a very important day, tomorrow we will see if other Banks will go into bankrrupci...

[@paxdriver]

Dude, the tech sector is a huge part of the financial markets, every retirement fund, balanced fund, conservative fund is all holding a huge stack of blue chips including mostly tech. Insurance, companies do bonds and boue chips, but they're all on government subsidies too. Credit will tighten and business then soncumere will be affected by declining book values across the board. It just takes some time to roll out.

[@martinimate4336]

And UBS just announced its purchase

[@brendannelson525]

For up to a billion and the company is worth almost 7 billion.

[@garygarside9782]

they could back out, but they really need a deal before the asian markets open

[@samsonsoturian6013]

They made a lowball offer of a billion dollars.

[@samsonsoturian6013]

@@brendannelson525 And even that 7 billion figure is in deep value territory as their loans outstanding are worth a lot more than that.

[@brendannelson525]

@@samsonsoturian6013 apparently now it’s 3.2 I’m surprised they bumped it up

[@8PMFORMULA]

With the stock so cheap I am considering buying the entire company!

[@jbob34345]

Another great video. So much research goes into these vids, it is very much appreciated 👍

[@rjk0128]

I'm sorry, but isn't blaming Lehman Brothers for the 2008 financial crisis a bit of a stretch? They were the ones holding the bags of shit in the end, but that doesn't mean they were the ones creating them. If anything, they may have been the most honest ones, not thinking others would hand them such a 'shitty deal'. The way you start the story is rather misleading in my opinion.

[@PaulBernard365]

As of right now, Credit Suisse share price on the big board is $0.88 and is still falling!

[@Trumppower]

Swiss government and UBS agreed for a price of 0.75 Rappen (Cents) 3 billion. Greetings from Switzerland. (Gruss us de Schwiiz)

[@amutah8063]

This is what happens when you don't allow banks to keep laundering money for drug dealers.

[@ZingsVideos]

The modern world is giving you endless content.

[@AndrewInvest]

And its not going to slow down any time soon!

[@vanesslifeygo]

It's a good season for WSM's channel.

[@nz6241]

UBS just bought Credit Suisse for 3.25 Billion, at half the stock value as of Friday close.

[@divinelycreated4him]

Eating my AMC popcorn and enjoying the show 😂

[@888ssss]

are you also wearing a MGTOW t-shirt ?

[@vanesslifeygo]

The AMC executives are enjoying the crazed ape run

[@divinelycreated4him]

@@vanesslifeygo I hope they are. We saved the company and getting rich in the process

[@allenstuck2861]

AMC TO THE MOON

[@txbre8758]

Great job on the UBS call!

[@gteixeira]

They will bring UBS with them.

[@txbre8758]

@@gteixeira Probably but I was just commenting on how this channel predicted that would happen (the buy out)

[@roddychristodoulou9111]

For the time being credit Swiss has just been taken over by UBS , they paid 2.6 billion dollars which is peanuts compared with the portfolio they were holding . This is undoubtedly a politically motivated move and no doubt the Swiss government will bear the costs .

[@justanothermaid]

The idea that SVB 'just did tech' is ludicrous. Tech touches so much of the wider economy that the point is moot.

[@francoisnoth6349]

Great explainations. Thank you for your work. Greetings from Bern Switzerland.

[@douginorlando6260]

The UBS takeover deal is not what you think it is. They did not accept any risk, are selective, and can walk away if CU’s Credit Default Swaps erode by 100 basis points (which almost certainly will happen)

[@delinquense]

We're not interested in fact or details.That's not what moves markets. And it certainly doesn't fit the narrative of a "hail Mary"!

[@AdamSmith-gs2dv]

LOL that already happened in pre trading

[@ryanpatrick4920]

The Swiss government decided to pass a weekend law to prevent CS shareholders from voting on the UBS deal, and prevent other companies like Blackrock from making higher bids

[@vevenaneathna]

good research in this vid. dont know how u guys do it. the tempo...

[@Bobotrucker]

They should have had Barney Frank on their board, he needs the money I heard..😊

[@krassimirpetrov7131]

The chairman’s last name is Lehmann you know it’s going down

[@krassimirpetrov7131]

Was the wealth management expenses adjusted for market moves ? Gonna get bad

[@kassimbabika]

Fractional reserve banking meaning only 10% of deposits are actually "safe", everything being financed by huge debts since we are chasing growth and in this particular case, when even 1.5bln in pretax profit annually isn't enough and you choose to look for more by taking more risks because...moar. This is when you know that there's no real hope for our current economic system. It will fail. The only question is when and how catastrophically...

[@Userhfdryjjgddf]

Keep stacking silver and gold folks.

[@jeffkeenan3460]

When the bell rings. $$$$tampeeeeeeeeed!

[@Pizza_Pepperoni0]

UBS just bought Credit Suisse for 2 billion USD$.

[@kineahora8736]

Market cap in 2007 was 260 billion🤣🤣

[@anglerust]

I'm putting all of my money in bags of rice

[@rockymanilow5115]

UBS buying CS for $2B. Stock price will tank hard under $1.

[@artmaknev3738]

I think they will buy for 27 cents per share, yeah so it will probably tank hard

[@kineahora8736]

I believe equity will be completely wiped out-they are discussing bond-holders taking a haircut. So equity will be 0

[@ngkeong3387]

I've been saying for year.. these people when lose, its your money, when the bank makes money. They take huge bonuses for themself

[@May-cz2uo]

I am so happy to hear about all the bad news concerning Credit Suisse and the banks in the US. Hope more will collapse soon.

[@absi1155]

Living through 101 st historical event in my 30 year life so far😂😂

[@manikkalore1630]

For starters they could have avoided appointing chairman name Lehman...😅

[@anonymousAJ]

"Solvent" doesn't mean you can pay your creditors eventually, it means you can pay them on demand Fractional reserve banks are insolvent by definition

[@rhythmandacoustics]

What next the chairman of the board is named Ponzi?

[@delinquense]

What does this mean for my shares of Alpen cereal?

[@JJ-fg2wd]

And my shares in Crunchy Nut? Pretty expensive, as I recall

[@valerehofstetter7365]

I am still not sure who paid more in fines Credit Suisse or Pfizer ? Anyway those 50 billions in loans gives me hopes that the Swiss government won't hold my condamnation for cannabis tracking against me when it comes to a research grant for a carbone negative industry.

[@Prockski]

UBS has taken over and there has been 100bn in liquidity has been provided to help shore up the deal.

[@ahndeux]

Both companies give you heart attacks.

[@hemaccabe4292]

I would point out we are technically in an economic Depression.

[@shithorse3781]

Nice video just subscribed

[@lliamjurdom9505]

The question is not why is Credit Suisse collapsing ???? ... its why Goldman and Chase aren't ???

[@ThanhVo-tx7gz]

The cycle never ends

[@mperlatti]

With Blackstone defaulting on 550 million debt last week we better keep an eye on Blackstone

[@NotKimiRaikkonen]

BX is a private asset manager with close to $1 trillion AUM though, not a bank.

[@whitney9253]

Thank you for the video i understand more

[@MOBMJ]

Credit Suisse just never learns there lesson. remember the big loss from Archegos Capital

[@NotKimiRaikkonen]

Good. Let the weak collapse and stronger institutions take their place.

[@unclefrankindia]

Amazing job

[@erikanthes954]

UBS got them for $3.2B. Wow.

[@joonsiu_]

Great video

[@TiagrajI]

They cannot be bailed out. They have reserves for sure and they cannot get away from that

[@roegoleg]

Records profits in spite of huge fines = business model for high wealth entities/customers

[@ZezimaTruth]

Alex Lehmann - Lehman Brothers . Conspiracy theorist excited

[@dcoxinator]

Can you do a video on first republic bank?

[@TheFrankvHoof]

"With well over half a trillion dollars of assets" According to CS' reports, their AUM in January 2023 was over 1.6T, not 0.5T+.

[@TheFrankvHoof]

1,614B* (Swiss Francs) according to their own reports

[@jensumayer]

Assets under Management are different from Assets in the Books. You are comparing not apples and oranges, but apples and fruit.

[@lewekemas6067]

@Wall Street Millennial - Can you make a video on Block Inc., formerly known as Square Inc Fraud

[@spicemasterii6775]

Will they turn the Koerner? Or is it bad?

[@MrRedsjack]

😂 The choice of people in the stock footage was not very Swiss. 😂

[@delinquense]

A box of Alpen, a Swiss mountain dog and a Toblerone would have been better!

[@carstairs242]

UBS now Bought Credit Suisse. 😮

[@JamesBond-uz2dm]

NO BAILOUTS FOR BILLIONAIRES

[@samsonsoturian6013]

Literally no one does that. Not even Communist China.

[@ababcb3005]

@@samsonsoturian6013 The liquidity given to save SVB's depositors begs to differ.

[@samsonsoturian6013]

@@ababcb3005 a bailout is an emergency loan. Insurance on deposits is called Insurance

[@ababcb3005]

@@samsonsoturian6013 A bailout doesn't have to be a loan, it can be as simple as free money with no strings attached. And it's very misleading to call it insurance when those terms still only guaranteed $250k when the bank was collapsing.

[@samsonsoturian6013]

@@ababcb3005 No one is giving free money away. Not even private companies

[@av_oid]

HSBC next?

[@billveek9518]

The sign business would be a good investment about now lol

[@havencat9337]

look at the faces of those youtubers...they def should be charged. That Kevin guy its especially a big crook.

[@patriciaashley3768]

How Will This Affect Student Loans.? Can A Person Borrow On A Student Loan Debts? How Do These Banks Closing Affect Student. Loab Debts?

[@kineahora8736]

Aged very badly/quickly🤣 immediately bought out after the vid dropped🤣🤣

[@zionismisterrorism8716]

It would not have a big impact on the USA. It would mostly impact Europe.

[@lombardo141]

I bought 10,000 shares of this POS at 1.80. RIP ?

[@johnmehaffey9953]

Mmm seems like their past has caught up with them

[@miamimercenary]

This goes back to 2020 this problem

[@BradTboney]

UBS just bought it.

[@royed31]

F U D has taken hold

[@samsonsoturian6013]

Shut up

[@user-pc7ef5sb6x]

Bagholder

[@michaelswami]

So your position is the only difference is that Credit Suisse is dishonest? Hardly a point in their favor.

[@Nick-gj6je]

Nice job calling the UBS merger

[@22surumi]

UBS: 2billion, final offer

[@salkryeful]

Just have Jim Cramer scream out sell Credit Suisse stock.

[@jordanzizzo3320]

U mean buy?

[@salkryeful]

@@jordanzizzo3320 Well if you want a repeat of Bear Stearns, sure.

[@critical_always]

I don't care if they all go belly up.

[@TheJcrist]

Credit Suisse is done. No more Credit Suisse. Systemically important? Sorry for the system.

[@markmccormack1796]

It's all better now. UBS is going to buy them. They system works!

[@grunchlk]

UBS just bought Credit Suisse.

[@the361boy]

Update: UBS is taking over CS

[@hemaccabe4292]

I’m hoping CS takes the $54B and still collapses.

[@Angry_Indian24]

Next in line is Deutsch bank.

[@lunatesigma]

And sold to UBS 🔨

[@jesuschrist02]

Hopefully this will be the end of capitalism.

[@nateisawesome766]

I hope so too

[@NotKimiRaikkonen]

A, no you don't B, that's not how it works C, even if it did work that way CS wouldn't be enough to topple it D, it's getting acquired by UBS

[@BrentMustangburger]

This week will be bloodbath in banking n stocks September 2008 all over again

[@accountantasia125]

The bigger the banks, the harder they fall. Cannot hard too big entity.