New Financial Crisis

[blueinsa]

The rescue of SVB in the UK was the right thing to do but less than a day after HSBC bought it for £1, they handed out between £15 and £20m in bonus payments to its UK staff.

Scandalous.

 

[metalblue]

Due to the recent F ups with the Greensill loss and other scandals. CS set their liquidity threshold a lot higher than other banks, but even with that. When every Tom, Dick and Harry gets spooked by some American YouTubers who do not even know where Switzerland is on the map. How ever much money you have in assets cannot stop a run on the bank. The SNB can see the balance sheet and can see that the Swiss business alone is worth 15Bil even though the whole bank can be currently bought for 6 bill. Something underhand is happening.

Currently in singapore and waking up to the surprising news that UBS has brought CS for a trash price of 3bn CHF…

CS Bonds now worthless. That’s going to leave a hole. Next few days going to be bumpy. Will certainly create some fear and uncertainty in commercial space which has been CS’s primary lending space.

On a personal level hope you doing ok mate. Uncertain times.

 

[domalino]

The rescue of SVB in the UK was the right thing to do but less than a day after HSBC bought it for £1, they handed out between £15 and £20m in bonus payments to its UK staff.

Scandalous.

SVB UK was a very well run, very profitable business that independent of it's parent company was not in any trouble at all, and HSBC decided there was no reason to not give it's employees their bonuses.

It's not really scandalous at all.

 

[blueinsa]

SVB UK was a very well run, very profitable business that independent of it's parent company was not in any trouble at all, and HSBC decided there was no reason to not give it's employees their bonuses.

It's not really scandalous at all.

Ok, thanks for putting me right once again, it’s really appreciated.

I should really just keep quiet, wait for you to offer up your wisdom on every single topic discussed on here and then just give it a like.

It will save you valuable time having to put me right all the time.

Sorry dom.

 

[domalino]

Ok, thanks for putting me right once again, it’s really appreciated.

I should really just keep quiet, wait for you to offer up your wisdom on every single topic discussed on here and then just give it a like.

It will save you valuable time having to put me right all the time.

Sorry dom.

If you don't want people to reply to your posts then why are you posting them?

If you think me having the audacity to reply to your posts is some sort of insult to you, block me, it's not that hard, then you don't have to see them.

I'm not going to apologise for adding to the conversation in the thread by pointing out the entirely reasonable justification why HSBC gave out bonuses to SVB UK.

Same applies to you @KS55

 

[denislawsbackheel]

The roller coaster has not slowed down…

 

[Tommy_Catons_Perm]

If you don't want people to reply to your posts then why are you posting them?

If you think me having the audacity to reply to your posts is some sort of insult to you, block me, it's not that hard, then you don't have to see them.

I'm not going to apologise for adding to the conversation in the thread by pointing out the entirely reasonable justification why HSBC gave out bonuses to SVB UK.

Same applies to you @KS55

Yes Sir. Sorry Sir. May I humbly apologise Sir, in advance of any transgressions Sir. Thank you Sir.

 

[domalino]

Yes Sir. Sorry Sir. May I humbly apologise Sir, in advance of any transgressions Sir. Thank you Sir.

Again, what do you want from me? There's nothing unreasonable in my post about SVB UK, if simply daring to post in a thread is worth attacking me for, block me.

 

[jim tolmies perm]

This is not 2008...but some people especially on social media seem determined to talk us into a repeat..

 

[AlgarveBlu]

This is not 2008...but some people especially on social media seem determined to talk us into a repeat..

Would help of people spent a bit of time reading the news article and although it can be a more complex area for many not working in that industry it is clearly nothing to do with 2008. This seems the done thing nowadays in many areas though, lifting headlines on to social media platforms and scare the living daylights out of everyone.

For speculators of financial assets social media is the gift that keeps giving