Is Credit Suisse facing a liquidity crisis? If so, it will be bailed out. The Swiss National Bank (SNB) announced on Wednesday that it would provide the century-old financial institution with liquidity if it is necessary. From CNBC: A statement from the the Swiss Financial Market Supervisory Authority (FINMA) and the SNB said that Credit […]
From Charles Schwab to Citibank, a list of banks sitting on unrealized losses
So, how bad are banks’ balance sheets? Terrible, horrific, downright terrible. Here is a list of financial institutions that are sitting on unrealized losses: h/t CouchPotatoSJW
Federal Reserve expected to slash interest rates by 100 basis points over next 12 months to prevent banking crisis
The upcoming Federal Open Market Committee (FOMC) policy meeting will be perhaps the most important powwow of the year. The Federal Reserve is expected to raise interest rates by just 25 basis points, although Goldman Sachs is anticipating a 0% move. But what happens after the summer could be critical for the financial markets. Investors […]
Is Credit Suisse the next bank to fail? Stock crashes to another all-time low
Credit Suisse, a bank with a 166-year-old history, is on the brink of failing. Shares plummeted to an all-time low on Wednesday after the Saudi National Bank (SNB) confirmed that it would not offer any more financial assistance to the institution. The stock is trading down to 1.60CHF on the Swiss stock exchange. What’s worse […]
Watch: Joe Biden to deliver remarks about Silicon Valley Bank
What crazy 72 hours for Silicon Valley Bank, the U.S. government, and the financial system. President Joe Biden will deliver remarks about SVB, the financial system, and the broader economy. Here is the link: Update Biden: It’s Trump’s fault for what happened!