Helping You Survive and Prosper in the Greater Depression
Credit Suisse is taking a lifeline. Despite the company claiming that it was in tip-top financial shape, the financial institution confirmed that it would accept a multi-billion-dollar liquidity opportunity from a central bank. Swiss National … [Continue reading] about Credit Suisse will accept Swiss National Bank’s $54 billion liquidity offer
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 … [Continue reading] about BREAKING: Swiss National Bank to offer Credit Suisse liquidity if necessary
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 … [Continue reading] about From Charles Schwab to Citibank, a list of banks sitting on unrealized losses
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% … [Continue reading] about Federal Reserve expected to slash interest rates by 100 basis points over next 12 months to prevent banking crisis
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 … [Continue reading] about Is Credit Suisse the next bank to fail? Stock crashes to another all-time low