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March 25th, 2023, 06:51 AM | #1 | |
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Troubled banks and fears in the financial world
In light of the recent financial crisis involving European and American banks, I thought a thread separate from the other political threads was necessary in other to post any reports and updates. Other members are free to comment, but my primary concern is just t post news reports. So without further ado... Deutsche Bank shares plummet as global fears over banks continue Friday 24 March 2023 at 8:57pm Quote:
https://www.itv.com/news/2023-03-24/...banks-continue
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March 27th, 2023, 07:04 AM | #2 | |
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One view from the UK...
Friday 24 March 2023 6:30 am Why have UK banks been insulated from US panic? Regulation, regulation, regulation Quote:
Code:
https://www.cityam.com/regulation-why-have-uk-banks-been-safe-from-us-style-panic/
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March 27th, 2023, 10:49 AM | #3 | |
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Silicon Valley Bank
Silicon Valley Bank: Collapsed US lender bought by rival
Quote:
https://www.bbc.co.uk/news/business-65084248
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March 27th, 2023, 09:21 PM | #4 | |
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Credit Suisse
Monday 27 March 2023 11:12 am Saudi National Bank chair resigns after bank loses $1.2bn in Credit Suisse investment Quote:
Code:
https://www.cityam.com/saudi-national-bank-chair-resigns-after-bank-loses-1-2bn-in-credit-suisse-investment/?utm_source=dlvr.it&utm_medium=twitter
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March 28th, 2023, 08:40 PM | #5 | |
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United Kingdom
Tuesday 28 March 2023 1:54 pm Andrew Bailey dismisses banking volatility as ‘testing out’ but stresses BoE remains ‘vigilant’ Quote:
Code:
https://www.cityam.com/andrew-bailey-dismisses-banking-volatility-as-testing-out-but-stresses-boe-remains-vigilant/
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March 29th, 2023, 01:45 PM | #6 | |
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UBS
UBS brings back former chief to oversee Credit Suisse takeover
Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rival Wed 29 Mar 2023 10.31 BST Quote:
Code:
https://www.theguardian.com/business/2023/mar/29/ubs-brings-back-former-chief-oversee-credit-suisse-takeover-sergio-ermotti
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March 29th, 2023, 02:41 PM | #7 |
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It's a racket!
The Modern World is easy to understand once you think of every large corporation, financial institution, governments from local to national levels, and political parties as rackets.
"Racket" definition in this context from the US Merriam Webster on-line dictionary" a. a fraudulent scheme, enterprise, or activity b. a usually illegitimate enterprise made workable by bribery or intimidation c: an easy and lucrative means of livelihood The problem is that an overwhelming majority of people in the world are not members of the rackets. The rackets only work for their members when almost everyone is not a member. |
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March 29th, 2023, 03:25 PM | #8 | ||
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Quote:
From the Guardian's live reporting... 13.18 BST Credit Suisse still helps wealthy Americans dodge taxes – Senate committee Quote:
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April 5th, 2023, 09:32 AM | #9 | |
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Credit Suisse (RIP)
‘I am truly sorry’: Credit Suisse chair pleads with angry shareholders at annual meeting
Published Tue, Apr 4 2023 - 4:01 AM EDT Key Points
Quote:
https://www.cnbc.com/2023/04/04/cred...scue-deal.html
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April 11th, 2023, 11:13 AM | #10 | |
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Credit Suisse (RIP)
Swiss parliament holds emergency session on Credit Suisse rescue
Tue, Apr 11, 2023, 9:21 AM GMT+1 Quote:
Code:
https://finance.yahoo.com/news/swiss-parliament-holds-emergency-session-082141792.html
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