Post by Todor Kostov | Commonstock | Credit Suisse $CS on the ropes ...?

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Credit Suisse $CS on the ropes ...?

News just in that Credit Suisse $CS will be holding meetings over the weekend to assess the different scenarios for the bank ahead on the back of a tough week and lack of confidence from the markets.

Next week will be interesting ...

Source: Credit Suisse

https://www.cnbc.com/2023/03/17/credit-suisse-cfo-teams-to-hold-talks-this-weekend-on-scenarios-for-bank-sources-say.html

CNBC

Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say

Credit Suisse AG will be holding meetings over the weekend to assess scenarios for the bank as it struggles to regain confidence from the market.

Yegor

@from100kto1m March 17

Wouldn’t be too surprised if something bad happens with in the next couple of weeks with them

Todor Kostov

@kostofff March 17

Author

@from100kto1m UBS $UBS is in talks with them now to acquire them under the pressure from the SNB.

Yegor

@from100kto1m March 18

@kostofff for a dollar? 🤭

Todor Kostov

@kostofff March 18

Author

@from100kto1m Probably but they will want additional guarantees by the Swiss government since their hands are tied currently.

Yegor

@from100kto1m March 18

@kostofff yeah I’m personally not touching $CS even if it’s selling for pennies on a dollar . I have never heard anything good about CS, yet it seems like every year they f*ck it up somehow

Todor Kostov

@kostofff March 18

Author

@from100kto1m There was a comment the other day by someone saying that he's been listening for people saying that Credit Suisse $CS is going to collapse since the beginning of his investing/trading career ... and he's been in the markets more than 25 years now. Well, we might have see this happening soon ...