Credit Suisse about to collapse?

[kompir]

https://www.reuters.com/markets/us/pacwest-western-alliance-hit-us-banking-concerns-widen-2023-05-04/

To quote Deborah Conway:

"It's only the beginning".

[Carlin]

First Republic is circling the drain

https://www.news.com.au/finance/busi...4f520e278fcf47

Now it's PacWest's turn: PacWest Bankcorp plunges over 50% in after-hours trading on reports it weighs "strategic options," including a sale.

[kompir]

First Republic is circling the drain

https://www.news.com.au/finance/business/banking/us-regulators-lead-first-republic-rescue-talks/news-story/a463406f296fa91c504f520e278fcf47

[Carlin]

https://mobile.twitter.com/WatcherGuru/status/1643946586643345408?cxt=HHwWgMC96bytvNAtAAAA

BlackRock Paris HQs taken over by protestors

[kompir]

And it's done, UBS buys them out for chump change...

https://www.zerohedge.com/markets/ubs-offers-buy-credit-suisse-1bn-025-share-takeunder-cs-balks-offer

collapse by any other name.

[Risto the Great]

It’s all (inevitably) unravelling.

[Carlin]

SVB execs sold $84 million in stock over the past 2 years.

The CEO Greg Becker sold nearly $30 million of stock over the past two years.

[Carlin]

Credit Suisse stock plunges to all-time low. Down 96.7% from all-time high. Credit spreads blowing up and Saudi National Bank says they won’t assist anymore.

[Carlin]

Ackman might be on the money:

https://twitter.com/BillAckman/statu...C28Yysvq8tAAAA

JUST IN - Trading halted for multiple U.S. bank stocks at market open

[kompir]

Ackman might be on the money:

https://twitter.com/BillAckman/status/1634662286844411904?cxt=HHwWgIC28Yysvq8tAAAA

[Carlin]

SVB is toast:

https://www.news.com.au/finance/business/banking/silicon-valley-bank-one-of-us-biggest-banks-collapse/news-story/42ceb8f9d684b64cece05c98bb312c11

I wasn't aware of Silvergate and its woes. But here 'tis

https://www.cnbc.com/2023/03/08/silv...ting-bank.html

First Republic Bank: stock was down as much as 50% today but has since recovered a bit

PS: Police are responding to a "disturbance" at Silicon Valley Bank’s NYC branch because people can’t get their money out

https://twitter.com/or_fade/status/1634320980469518337

[kompir]

SVB is toast:

https://www.news.com.au/finance/business/banking/silicon-valley-bank-one-of-us-biggest-banks-collapse/news-story/42ceb8f9d684b64cece05c98bb312c11

I wasn't aware of Silvergate and its woes. But here 'tis

https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html

[Carlin]

BREAKING: US Banks Collapsing - Silvergate has shutdown and SVB in meltdown.

Californian lenders used by major Silicon Valley companies are facing significant problems.

https://www.cnbc.com/2023/03/10/silicon-valley-investors-and-founders-express-shock-at-svb-collapse.html

[Carlin]

CDS prices:

https://mobile.twitter.com/Schuldensuehner/status/1576662935882985473

[kompir]

^ Pretty much on the money.