The Rise and Fall of Credit Suisse

[@thomasa5619]

Damn I saw Bill and thought this was a “Benjamin” video

[@nanky432]

Using supposed “AI” models to lend money to companies that can’t proof future earnings is the most stupid idea since selling mortgage backed securities. Taleb was right we should force bankers to pay back bonuses when they make stupid investment.

[@cjezinne]

It’s not that bad of an idea and not too far from what currently goes on. It was just a more riskier investment for individual clients

[@beastmode1647]

In seconds, an AI can train on decades of historical data, identifying features that indicate higher default risk Is it perfect? No. There’s no way to “prove future earnings” beyond the risk-free rate. Anything can happen. But default risk/probabilities are quantitative problems. Someone’s “gut feeling” isn’t gonna do better than a deep learning ensemble of neural networks. A DNN could train on gigabytes of data faster than I could multiply two large numbers. Human brains are just inferior when it comes to this kind of stuff

[@channul4887]

@@cjezinne "It’s not that bad of an idea and not too far from what currently goes on." I can't tell if you're ironic or dense. Just because something is happening now doesn't mean it's good. The last 20+ years are a proof of this.

[@tomlxyz]

@@beastmode1647 The problem is that while you can train AI on lots of data you can never be sure you've trained it right until you've tried using it. You still have the human aspect of setting it up while at the same time being unable to see if the decisions it made makes sense, unlike when you have a firm with people, where you can validate on each level

[@thechannelofultimatedestiny]

Isn't using a black box that only makes decisions based on historical data contradictory to the common investing advice that "past performance does not guarantee future returns"?

[@bethromelus6172]

I'm glad I'm not the only one that found this Moomoo ad very strange. It looks like one of those foreign/Asian money scams. As someone who warns us against bad money practices, why do you want to promote something that's asking people to deposit thousands of dollars? The website is quite sketchy and seems too good to be true. I understand that you need to make money but not at the expense of your viewer's trust.

[@vangelisgru7271]

This channel has been slipping

[@bethromelus6172]

@@vangelisgru7271 I hope this isn't true because I do enjoy this channel. But this sponsorship makes them look very hypocritical.

[@kramadri6012]

I think its youtube... I always see them same ads on financial related videos not just here...

[@wlee9888]

@@vangelisgru7271 he's pumping and dumping

[@effctoocool9763]

@@kramadri6012 it’s in the video so on the creator not on KZbin. There is always a scammy course advert beforehand from YT but this one is in the vid itself.

[@matthewshin3781]

Feel like you're big enough now to be able to more carefully choose your sponsors...

[@Plathead]

I got a virtual reality tennis tournament… looked pretty cool.

[@williambrasky3891]

What? Should I not send thousands of dollars to internet places I just heard about?

[@bethromelus6172]

Agreed. If you go into their websites, their customer testimonials have stock photos and their copy seems unnatural. This is very shady.

[@cartman19892]

As a swiss guy, I was interested in the video subject but I never heard of this sponsor. Can someone explain to me why they are worse than other broker?

[@tomlxyz]

@@James.Townsend I wonder if that makes them get more or less people. Less because people are already more sceptic from videos as this or more people because viewers believe this channel to be trustworthy because of it

[@robertfeinberg748]

For some reason, US regulators are better at fining foreign banks than US banks. Can you guess why? My guess is that it's because the US banks have been captured by Demigarch CEOs.

[@florian9540]

It seems to be the case in any major industry. Google was fined 5bn euros a couple years ago while VW just got a ckap on their hands from german regulators.

[@tomlxyz]

It's just all about not wanting to hurt your own economy but not having a problem with hurting other's

[@robertfeinberg748]

@@florian9540 In the banking sector the US irregulators supply the funds to pay the fines, because the zombs are constantly bailed out overnight through repos. The funds are ultikmately cycled back through the DNC.

[@hiimjustin8826]

If a foreign bank breaks the law, they fine them. If a US bank breaks the law, they bail them out with billions

[@trod5902]

@@robertfeinberg748 what the fuck are you talking about. you are nuts

[@doctor3264]

Make a video about HSBC and their bad dealings

[@thisrighthereofficer4818]

Yet another high-quality content. Thank you!

[@etinyeneuboh6881]

This aged like fine wine😊😂

[@robertfeinberg748]

The zombie banks didn't have to be bailed out. It was a scam, and it could happen again.

[@pranshuchittora5444]

This is getting real. Lehman 2.0 is about to begin,

[@robertfeinberg748]

The stocks of US banks generally rise after they settle with regulators, and Dimon was given an extra bonus in recognition of his ability to manipulate them.

[@fordoorssmorhoors9727]

The dude on the sail boat just bunching up the rope and balancing it on the boom 🤣🤣🤣🤣

[@thatsamoreee]

Credit Suisse? More like Credit SUS

[@codycast]

Okay zoomer

[@danielponder690]

Debit suisse now

[@Football__Junkie]

This is just the stuff we hear about. Can you imagine what else is going on behind the scenes?!

[@NickanM]

Exactly. Add that their ultra wealthy clients certainly isn't any angels.

[@De23Rosa]

Bankruptcy and greed are key words

[@kocokan]

Swiss bank urban legend spans generations

[@northernchaotic7196]

In the Finance World.. "If it sounds too Good to be True,, It's Probably ILEGAL"

[@kirilmihaylov1934]

True

[@Pretzil43]

Lol @ the stock footage of the model dressed as a rich kid on the yacht trying to 'tidy' the ropes.

[@agpc0529]

If something goes wrong in finance its always Credit Suisse, Deutsche or HSBC

[@Thedownliner2015]

BlackRock is the new Credit Suisse.

[@tobiasfellmann7692]

Yeah.. you saw the signes.. I was searching for a scandal at 2000-2008 in singapore with cs. But it's a litte hard to find now.

[@Davos-st8ok]

It's good that CS is pivoting towards wealth management, particularly in Asia. Currently it has the most robust AML/KYC standards in the Asian financial hubs of SG and HK which puts itself in a good position to expand its PWM business at a sustainable rate for the long term. I can see the Credit Suisse becoming more and more Asian oriented as China continues to mint a new class of Billionaires and ultra high net worth individuals.

[@Davos-st8ok]

@David Macaulay Capital controls are easily circumvented through a variety of means by UHNW individuals. Most of these individuals have revenue generating businesses outside of China. Furthermore, China has also approving record capital outflows due to increased upwards pressure on their currency.

[@RacingS2000]

@@Davos-st8ok Ah yes, so you are suggesting the bank in question actively aid clients in breaching laws regarding capital flows. And the bank will assist them eagerly. And not be discovered through the AEOI regime. Sure.

[@Davos-st8ok]

​@@RacingS2000 Not sure where I suggested that banks assist their clients to BREACH capital control laws. Do brush up on your comprehension skills. HNW Chinese citizens often bypass the capital outflow restriction through the Hong China-Kong corridor where foreign banks have set up shop to service mainland clients. These banks have also set up onshore presence in China which opens up more opportunities for their HNW clients to access offshore banking facilities. That has nothing to do with BREACHING THE LAW. You think UBS has $1 tn yuan under management by helping Chinese citizens breach the law and still has their branch up and running in China without facing the wrath of Chinese officials? Your ignorance notwithstanding, your accusation makes no sense whatsoever. The AEI regime is enforced by the bank. You're painting a picture where banks help clients breach capital control laws and then report them to their own countries? You must be stupid.

[@Trumppower]

Bankers there working are still averaging 100k.. So not bad for their failure.

[@HH-qt5bh]

The word “immoral” and how bankers view banking acceptable behaviour should never be used. There is no morality in finance and WallStreet

[@Yogi-Megan]

800 billion in assets.... ?? that’s Chicken feed vs other major banks!!

[@zr60]

10:52 the other banks offloaded based off of insider information, which resulted in fewer losses. It's not due to them ignoring risks, if that's the case, JPM and other banks would be guilty as well and would have lost more money.

[@user-bd9qk2nu2q]

this hits different now

[@LeMAD22]

Not really, this has been happening for a decade.

[@danielponder690]

I worked there for a year. Great coworkers and I learned a hell of a lot. Glad to be out though.

[@TwinJalanugraha]

those high net worth should have bought a simple low cost S&P 500😅

[@me0101001000]

Credit Suisse, more like Credit Squeeze, HAH I'll see myself out

[@kowabonga1263]

I'm pretty sure credit swiss did recieve a bailout from the federal reserve in 2008

[@xyzabcd3606]

We need the rise and fall of wall street millennial

[@jekboy2003]

Bitter muklo

[@robertfeinberg748]

This is reminiscent of DB.

[@TheHooppel410]

wall street millenial single handedly holding up the stock video industry

[@hiimjustin8826]

Have you never heard of Bendover Productions??

[@sngs9565]

Tidjane Thiam was appointed in 2015....

[@samuel.andermatt]

Werent the returns on Greensil for their high networth individuals something like 1-2%? I think the ironic thing was that the returns were really low, so it being safe would have made sense to investors.

[@patrickruttimann2354]

it would have only really looked good if these investors didn't make their due dilligence or don't understand the investment but the again what is risk thing tha happen that you can't foresee

[@zr60]

@@patrickruttimann2354 I mean, it is easy to see and understand risks after the fact that it has happened. Way harder to see it before it happens. Hindsight is always 2020.

[@azeton128]

Interesting topic!

[@raymondpaller6475]

It seems that the bank's market cap is a better indicator of the real equity of the bank than any actual figure stated on its balance sheet, then if so, and given the amount of the bank's assets, then the equity to assets ratio is tissue paper thin and the bank, on its own merits standing alone as currently configured, doesn't seem like a safe place to deposit money; as such, the bank's real equity ---- as a customer might view it ---- is the unspoken belief that the home team Swiss gov't would not tolerate one of its gigantic banks to default. Seems like most big western European banks fit this pigeon hole. Flippantly modeled as: A) infinite balance sheets B) zero equity C). home gov't promise to ride to the rescue.

[@tomlxyz]

Market cap is no indicator of equity. It's an indicator of the relationship between the profit margin and the equity as well as the profitability of other services they provide. A bank that is twice as profitable with the same equity is worth more. A bank that has massive equity but only charges managing fees would have little market cap despite posing zero risk for the economy

[@sourcecode5273]

Math is racicist. STFU!

[@JENNERAL_KILLER_URU_MAFIA]

Still stuck in 40 shares in this

[@trj1442]

HSBC?

[@jeko32]

You got the subprime mortgage and tax evasion fines switched on your graph.

[@newchannel1220]

IMA KOREAN lejuendo.

[@Sultan8310]

Now we know the sad end😢😅

[@bronsonschnitzel7493]

What happened to the top comment critizing your usage of moomoo? 🤭

[@lawndingo7656]

It’s time to buy, buy low and ride the train up..

[@dolevmazker736]

Unsubscribed for your advertisments man. The art scam, and this moomoo crap. You can choose better

[@davidjma7226]

It wouldn't be a scandal without 'Debit Suisse' They're are always involved somehow !

[@askati1701]

Not that I am a fan of international banks,,,,,the money capital center of the world was London, then Tokyo, and then New York. These days I believe it’s going to Singapore, Australia, Seoul, and New Zealand. Why?

[@banemen27]

Can elon buy Credit Suisse?

[@MHKing03]

Even Elon is not *that* rich. Not to mention he's too unstable, immature, and unqualified to run a bank.

[@Fred-zt5ky]

CS went WOKE

[@Masterbaiter1000]

You think it's over? No they're gonna rise and you're gonna cry because you listened to a youtuber lmao

[@AnumaElish]

I'm asian and this ads really scream chinese scam for me.

[@mds2672]

I laugh every time I see credit suisse release a price target or make a recommendation on a stock I own. All they do is lose money, these guys aren't qualified to give any financial advice.

[@globalismoblackman]

Credit Suisse & Deutsche Bank must be cousins Lol 😆😂😂🤣😅🤣. They are both walking disasters high junkies on speculative gambling 😂. Oh and there is more they have 2 disastrous amigos one in British and the other is Dutch Royal Bank of Scotland and ABN Amro 😅🤣😂.

[@hansbleuer3346]

The decline began with Thiam. No longer serious Swiss Banking, no longer success!

[@taoriq3632]

No it began way before him it only became apparent during his time and it got worse after him

[@hansbleuer3346]

@@taoriq3632 ... you are right .. he was not the cause but the trigger ...

[@sourcecode5273]

I have noticed that every problem happened when a non Caucasian was involved in this business.

[@djstroy1]

Uno

[@vinceanthonyfeir4793]

Una

[@icossss4352]

primo

[@Simonjose7258]

That's what happens when you loan money to Trump.

[@vinceanthonyfeir4793]

U a

[@oldschoolundertaker]

First