Credit Suisse Taps Investors for Cash After Archegos Loss Widens

[JSOP]

Credit Suisse only has a 22 billon market. Same as Duece bank

These European banks aren't doing very well

You mean Deutsche Bank?

 

[themickey]

You mean Deutsche Bank?

Douchebag Bank

 

[JSOP]

I wonder how much Goldman made front running the firesale.

Yes they are the king of s***-dumping

 

[Millionaire]

Douchebag Bank

Yeah that one.

CS and DB market cap just around $25 Billion each.

Doggy coin is worth more than Credit Suisse and Douche Bank combined

JP Morgan is worth $450 Billion
Even Citi Group is still worth $150 Billion.

Most UK banks (Barclays, RBS, Llloyds) are not worth much more than CS and DB either, except HSBC which is still worth a respectable $120B

 

[Pricechange]

https://www.wsj.com/articles/credit...egos-loss-widens-11619070830?mod=hp_lead_pos3

"Bank said it has lost $5.5 billion so far from the hedge fund’s failure, wiping out what had been a strong quarter for trading and deal making"

I dont know what is worse, that they lost $5.5B without the CEO being aware of what was going on or WITH his awaress and approval of the whole thing

This goes to show that pretty much any financial institution can go under overnight if they are doing big enough shaddy things. Next time around, it might be $50B or who knows...

Seems like we been here before. In times of great greed and market bubble. I've looked across and seen you as the tide retreated and the leverage unwound. We both shared a glimpse of the horror. The shear, unmitigated exposure. We looked upon, gazing silently at the asset destruction. And yet they said it would never happen again.

 

[Pricechange]

Yeah that one.

CS and DB market cap just around $25 Billion each.

Doggy coin is worth more than Credit Suisse and Douche Bank combined

JP Morgan is worth $450 Billion
Even Citi Group is still worth $150 Billion.

Most UK banks (Barclays, RBS, Llloyds) are not worth much more than CS and DB either, except HSBC which is still worth a respectable $120B

A trend is forming. Banks... holding fiat, and fiat loans, bleeding value. Like great tall ships, sinking into the horizon, as their massive debt loads weight them down, far to heavy to navigate the heavy seas of changing modern capital investment.

JP Morgan has value only because, after the 2009 great recession, the dominos fell and there were only a small hand full of both Investment banks and retail banks still standing. This collective monopoly and the poor resulting service and value offered pushed the tide toward alternative Fintech even faster.

Morgan Stanley, who really should have fallen in 2009, has jumped at Fintech at a far faster approach.
Paypal, whom I never had much faith in, seems to be ready to overtake many others in retail. ($75 billion)

JP Morgan and Goldman are indirect arms of the Fed. My guess is that the Fed wants to funnel everything down to just these two in a kind of National Concentration...Ministry of Finance and Financial Propaganda as it were.