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 […]
Money
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
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 […]
Janet Yellen confirms U.S. government will not bail out Silicon Valley Bank
The U.S. government will not bail out Silicon Valley Bank, says Treasury Secretary Janet Yellen. Speaking on CBS’ “Face the Nation” on Sunday, Yellen confirmed that the federal government will not intervene and use taxpayer dollars to bail out the bank that collapsed in 48 hours. “Let me be clear that during the financial crisis, […]
‘Head fake’: Don’t believe the three-month high initial jobless claims
The number of Americans filing for unemployment benefits climbed to 211,000 in the week ending March 4, up from 190,000. This was also higher than market estimates of 195,000. Does this mean the Federal Reserve’s tightening is working and finally slowing down the labor market? Not quite. In fact, market experts say not to buy […]