New Financial Crisis

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.
 
Gaz in Zurich said:
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.
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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.
 
blueinsa said:
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.
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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.
 
domalino said:
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.
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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.
 
blueinsa said:
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.
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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
 
domalino said:
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
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Yes Sir. Sorry Sir. May I humbly apologise Sir, in advance of any transgressions Sir. Thank you Sir.
 
Tommy_Catons_Perm said:
Yes Sir. Sorry Sir. May I humbly apologise Sir, in advance of any transgressions Sir. Thank you Sir.
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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 said:
This is not 2008...but some people especially on social media seem determined to talk us into a repeat..
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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
 
I can only say that right now is a very good time to invest. End of the tax year and some cheap stocks are available.

If I had a few quid saved up that I didn't need to spend in the next 3+ years, I'd dump it all into a lovely index fund ASAP.
 
sir baconface said:
With this insight, you must be a very rich man.
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Well now, that’s both interesting and funny. Ta.

My post was a response to a guy who was concerned about putting money into his pension when the stock was falling. It was a reassurance to someone who, like many others, was in need of the ‘insight’ I gave to him. I didn’t claim that it wasn’t common knowledge, I just tried to help the bloke.

I find it interesting that I was saying something that I knew a lot of people knew already but I was doing so with kindness and respect to a fellow blue, while you’re just employing cheap sarcasm in a pitiful effort to ridicule a fellow blue and make yourself look clever by bigging up the little you know.

You’re a classic example of the Dunning-Kruger cognitive bias effect. Look it up and you’ll maybe understand why I find you so funny :-D

PS. Rich enough to have sold my company and retired in my mid-50’s to live a happy & fulfilling work-free life in a big house with land in a beautiful rural setting.
Whether that’s ’very’ or not is, of course, subjective.
 
OccupiedPalestineBlues said:
Well now, that’s both interesting and funny. Ta.

My post was a response to a guy who was concerned about putting money into his pension when the stock was falling. It was a reassurance to someone who, like many others, was in need of the ‘insight’ I gave to him. I didn’t claim that it wasn’t common knowledge, I just tried to help the bloke.

I find it interesting that I was saying something that I knew a lot of people knew already but I was doing so with kindness and respect to a fellow blue, while you’re just employing cheap sarcasm in a pitiful effort to ridicule a fellow blue and make yourself look clever by bigging up the little you know.

You’re a classic example of the Dunning-Kruger cognitive bias effect. Look it up and you’ll maybe understand why I find you so funny :-D

PS. Rich enough to have sold my company and retired in my mid-50’s to live a happy & fulfilling work-free life in a big house with land in a beautiful rural setting.
Whether that’s ’very’ or not is, of course, subjective.
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I’m so happy for you. Thanks for sharing.
 
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Gaz in Zurich said:
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.
Click to expand...
A friend who works at UBS in London described the mood as bleak yesterday. Two old rivals forced to merge, it just doesn't feel right to those involved. The numbers involved are crazy, wiping $16bn of debt and selling it for less than half of its already very low valuation as of last week and still UBS shares are down.

Not sure there is anything underhand going on - who could have predicted this?

An opportunity to buy UBS stock - possibly! But its such a mess.
 
Gaudion M said:
A friend who works at UBS in London described the mood as bleak yesterday. Two old rivals forced to merge, it just doesn't feel right to those involved. The numbers involved are crazy, wiping $16bn of debt and selling it for less than half of its already very low valuation as of last week and still UBS shares are down.

Not sure there is anything underhand going on - who could have predicted this?

An opportunity to buy UBS stock - possibly! But its such a mess.
Click to expand...

Reddit - Dive into anything

www.reddit.com www.reddit.com
 
US Bank First Republic now in serious trouble. Share price down by 90%in a fortnight
There is a run on deposits because the risk profile is poor. For example, 68% of deposits are over the insurance limit and the bank has a high ratio of corporate deposits. It has borrowed large amounts from the Fed and a consortium of banks to shore up its liquidity but this is really a short term measure and there is talk of it being broken up and bought in tranches by other banks. Worrying.
 
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