You just watched a bail in. How's it feel??? Cs has 1.3t in assets....wouldn't they sell some of those to remain solvant instead of being bought by 3 billion by UBS. Didn't speak to shareholders...bond holders money gone.....instead just taken over.
It's ok though cuz this is minor to what's comin. We are not being told what's coming....fed gonna do 25 basis at least and ur just gonna pay more and take it. Criminal!!!$Credit Suisse Group AG(CS)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
CS doesnt have 1.3T in assets. Those are AUM which is client money. Their own assets is about 550billion as of FY22 end which could have let them survive but >10b cap is not good for investment bank