There are some serious rumours doing the rounds about a major bank failure

There are some serious rumours doing the rounds about a major bank failure
October about to start with a disaster?
Adam Button, Sunday, 02/10/2022 | 02:12 GMT+2

ABC Australia is reporting that a major investment bank is on the brink, citing 'a credible source'.
Most are pointing towards Credit Suisse. It was caught out in the Archegos disaster and since then (Feb 2021) its share price has spiralled to $3.90 from $14.90.

Moreover, the credit default swaps are at distressed levels.

A memo from the CEO to staff circulated late on Friday:
"I know it's not easy to remain focused amid the many stories you read in the media – in particular, given the many factually inaccurate statements being made. That said, I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank," he wrote.

Today, Fox Business' Charlie Gasparino reported that:
"CEO Ulrich Koerner has been meeting w major institutional investors worried the firm is on shaky financial footing and assuring them the bank has strong capital, liquidity etc. One large investor tells me "the bank and wealth management platform are very valuable, but the investment bank is a disaster." The CDS's of the bank have been trading as if a Lehman Moment was about to hit."

This could lead to an ugly open tomorrow and something far worse if it proves to be true.
The bank will have to effective refute this in the strongest possible fashion, otherwise they'll have clients pulling money and couter-parties cutting credit lines.

Rumours like these can be self-fulfilling.
We've already got an inflation crisis and an energy crisis. How about a banking crisis too?
Kinda reminds me of Bear Stearns's demise and how the CEO at the time lied up to the day it went belly up. Deja vu all over again.
 
Part of Washington tried to warn Germany 4 years ago:

we've been telling them for over 8 yrs:

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USA is obsolete... :)
Nobody listens that liar anymore (except its vassals in the EU, but not even them anymore... :))
All nations did "woke" up now: following this lying drama queen USA leads to nothing but WW3...
It's time China overtakes the World leadership. It definitely cannot be any worser than with this incompetent greedy USA who would even sell its own mother, if it only had one, this bastard!... :D
All of course IMHO... :)
 
It's time China overtakes the World leadership. It definitely cannot be any worser than with this incompetent greedy USA who would even sell its own mother, if it only had one, this bastard!... :D

Haha...good joke. Trust the nation that lied to the world about Covid, banned WHO from investigating the Wuhan lab, has known serious human rights violations (organ harvesting, internment / enslavement of Uighurs: https://www.bbc.com/news/world-asia-china-45147972 https://2017-2021.state.gov/ccpabuses/index.html), mass censorship, social credit score which can ban travel for speaking out against the government, threatens to invade Taiwan, fully supports Russia's invasion of Ukraine, fully supports North Korea and sends them military tech), broke pledge to leave Hong Kong independent until 2049, takes no action on climate change (actively building hundreds of new coal fire power plants)...allows its citizens to live in highly polluted cities - an environmental disaster...the only time they tried to clean it up was before the Olympics because it looked so bad, many more examples, but no need to over-explain what must have been intended as a joke.
 
Haha...good joke. Trust the nation that lied to the world about Covid, banned WHO from investigating the Wuhan lab, has known serious human rights violations (organ harvesting, internment / enslavement of Uighurs: https://www.bbc.com/news/world-asia-china-45147972 https://2017-2021.state.gov/ccpabuses/index.html), mass censorship, social credit score which can ban travel for speaking out against the government, threatens to invade Taiwan, fully supports Russia's invasion of Ukraine, fully supports North Korea and sends them military tech), broke pledge to leave Hong Kong independent until 2049, takes no action on climate change (actively building hundreds of new coal fire power plants)...allows its citizens to live in highly polluted cities - an environmental disaster...the only time they tried to clean it up was before the Olympics because it looked so bad, many more examples, but no need to over-explain what must have been intended as a joke.
Don't forget the countless illegal wars of the US, before and especially after WW2.
Already forgot the murdering of more than 1 million innocent Iraqis since 2003 when the US illegally invaded Iraq with fake reasons which came out as pure lies (lies about "WMD", "baby-killers" etc.), and USA committed war crimes there? You have a very short memory, man...
USA has to crawl back into its cave, and leave humanity alone :).
China is the new moral leader of the World, not the lying drama queen USA with its usual propaganda lies anymore,
which only itself alone with its remaining handful vassals believe, but not the big majority of the World...

Read for example this book by Daniele Ganser about the real face of the USA. It's a true eye-opener:
English: "Illegal Wars: How the NATO Countries Sabotage the UN. A Chronicle from Cuba to Syria."

The US tries to silence this author (Daniele Ganser) b/c he tells the truth about this lying USA.
 
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Don't forget the countless illegal wars of the US, before and especially after WW2.

Two wrongs don't make a right. The big difference is that you can trash talk the US as you are doing now. In fact, it's fashionable by many politicians who proclaim that US is systemically racist and illegitimately founded (ignoring the fact that many of those who are supposedly oppressed had ancestors who were involved in slave trade and slavery was popular throughout the world at that time...not justifying what happened, just stating the facts). You can't publicly trash talk China as a Chinese citizen living in China or your social credit score will take a hit or you'll get Jack Ma'ed or disappeared. Also, 1 million is nothing compared to:

"At least 45 million people died unnecessary deaths during China's Great Leap Forward from 1958 to 1962, including 2.5 million tortured or summarily killed, according to a new book by a Hong Kong scholar.

Mao's Great Famine traces the story of how Mao Zedong's drive for absurd targets for farm and industrial production and the reluctance of anyone to challenge him created the conditions for the countryside to be emptied of grain and millions of farmers left to starve. It is due to be published by Bloomsbury tomorrow." (https://www.scmp.com/article/723956/revisiting-calamitous-time)

Although I agree with you that the US has been involved (started) wars where it did not belong, Communist countries have a really horrible history of human rights abuses. Mao, Stalin, Pol Pot, Kim Jong*, etc. They will actually kill the intellectuals and anyone threatening their power to maintain power. And they will kill them by the millions, no problem. An implementation of pure evil.

Despite the US's history of oppression and systemic racism towards black and brown people, there's still a shitload of people coming here (mostly illegally at the moment). No one wants to go to China. It's not seen as a desirable place to live by any measure. Certainly not environmental. It's also in a population collapse due to their very foolish one-child policy. Now they have to incentivize people to have kids. Too late, it won't work.
 
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Communist countries have a really horrible history of human rights abuses. Mao, Stalin, Pol Pot, Kim Jong*, etc.

You forgot Lenin... He started the imprisonments before Stalin came to power.
 
Don't forget the countless illegal wars of the US, before and especially after WW2.
Already forgot the murdering of more than 1 million innocent Iraqis since 2003 when the US illegally invaded Iraq with fake reasons which came out as pure lies (lies about "WMD", "baby-killers" etc.), and USA committed war crimes there? You have a very short memory, man...
USA has to crawl back into its cave, and leave humanity alone :).
China is the new moral leader of the World, not the lying drama queen USA with its usual propaganda lies anymore,
which only itself alone with its remaining handful vassals believe, but not the big majority of the World...

Read for example this book by Daniele Ganser about the real face of the USA. It's a true eye-opener:
English: "Illegal Wars: How the NATO Countries Sabotage the UN. A Chronicle from Cuba to Syria."

The US tries to silence this author (Daniele Ganser) b/c he tells the truth about this lying USA.


Fuck off you retarded Russian penetration agent. Send your ass to the front.
 
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