Share Your Holdings & Win Tiger Coins
Hi Tigers
We would like to invite you to share your holdings, and you will win Tiger Coins. In addition, you will obtain a chance to win a Tiger gift.🐯🐯🐯🐯🐯🐯Regional banks surged in early trading, led by $First Republic Bank(FRC)$. The beaten-down bank jumped 21.9%, a day after losing 47% as investors hoped for some sort of strategic action by the troubled bank — or another big regulatory move — to stem the downward spiral in the sector.
The move comes after a speech from Treasury Secretary Janet Yellen was released that said the government could back stop the depositsat more banks if there was risk of contagion.
UBS takeover Credit Suisse
$UBS Group AG(UBS)$ Switzerland’s largest bank,agreedon Sunday to buy its embattled domestic rival $Credit Suisse Group AG(CS)$ for 3 billion Swiss francs ($3.2 billion) as part of a government-backed, cut-price deal.
Under the terms of the emergency takeover, investors of Credit Suisse’s additional tier-one bonds — widely regarded as a relatively risky investment — will see the value of their holdings slashed to zero. It means investments worth roughly 16 billion Swiss francs will become worthless.
AT1 bonds, also known ascontingent convertibles or “CoCos,”are a type of debt that is considered part of a bank’s regulatory capital. Holders can convert them into equity or write them down in certain situations – for example when a bank’s capital ratio falls below a previously agreed threshold.
In recent weeks, bank stocks have been in trouble. Have you traded any of these stocks? How has your stock performed recently?
💡How to participate？
Share your thoughts regarding bank stocks in the comments section below. Please feel free to share your positions if you trade bank stocks as well.
📢Activity Details
- All Tigers who leave a message in the following post will receive 10 Tiger Coins.
- In addition, you obtain a chance to win a surprise gift.$Tiger Brokers(TIGR)$
💡How to share positions?
Sharing positions is easy. From your account holdings interface, you can click "Share" by each of your stock holdings to share with the community how much money you have made (or lost) on your investments.⏰Event Time
21st March 2023- 28th March 2023
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