fell 0.8% by 0807 GMT, after having recorded its biggest weekly decline of the year on Friday.it will pay 3 billion Swiss francs for the 167-year-old bank and assume up to $5.4 billion in losses, in a package orchestrated by Swiss regulators on Sunday.
Investors were also spooked by news that Credit Suisse additional tier-1 bonds - or AT1 bonds - with a notional value of $17 billion will be valued at zero,The wider European banking indexReporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips
We are in a position now where the big banks and governments expressing confidence in the institutions is leading to a lack of confidence in the institutions. Investors know their history.....
Wall Street wolves and dinosaurs are involved in everything🤔🤔🤔
I mean, has the deal even finalised yet ‘T’s crossed and ‘I’s dotted? I don’t blame them for being apprehensive
What is this headline? 17 billion in tier-1 bonds were marked as worthless. The bank itself sold for a fraction of its worth. And someone thought this would “soothe the markets?”. It’s an enormous scandal and shock.
2022 year of horror 2023 year of rebellion, 2024 year of solution, 2025 is the year of implementation of the new monetary system, Then you will live happily without owning anything...
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