International Banking Crisis - Update

[Irag8er]

'Credit Suisse To Collapse Next',​

'Credit Suisse To Collapse Next', Says Robert Kiyosaki Who Predicted Lehman Brothers' Fall

Kiyosaki, who had correctly predicted the 2008 Lehman Brothers' collapse, cites the bond market as the root of the problem and warns of a weakened US dollar.

www.news18.com

Dow futures fall 600 points as Credit Suisse slide adds to financial sector woes:​

Dow closes more than 250 points lower Wednesday as bank crisis spreads to Europe: Live updates

The Dow Jones Industrial Average fell Wednesday as concern over a banking crisis spreading to Europe pressured the broader market.

www.cnbc.com

 

[Torch]

Dow closes more than 250 points lower Wednesday as bank crisis spreads to Europe: Live updates

The Dow Jones Industrial Average fell Wednesday as concern over a banking crisis spreading to Europe pressured the broader market.

www.cnbc.com

Buckle up, here we go!

 

[Irag8er]

Buckle up, here we go!

Breaking from a @CreditSuisse employee: “panic, meltdowns, people crying.”

https://twitter.com/x/status/1636050146441019413

 

[Dr Arthur]

Is anyone else is getting a 1930s stye feeling at the moment.

 

[Garniv]

Is anyone else is getting a 1930s stye feeling at the moment.

I can't say. I didn't live at that time

 

[DEFCON Warning System]

I can't say. I didn't live at that time

You young whipper-snappers.

 

[DEFCON1.0]

Dominos are starting to fall... This isnt good... Better fire up the war machine.

 

[Totality 🇺🇦 🇮🇱]

Dominos are starting to fall... This isnt good... Better fire up the war machine.

Idk about that. But where certainly getting to the "starting to sweat" stage. Not panic level quite yet.

 

[Dr Arthur]

You young whipper-snappers.

Old man Simpson out and about.

 

[Totality 🇺🇦 🇮🇱]

Banking failures in US spreading across the pond. Both sides of Atlantic now facing acute pressure on banking systems.

• Saudis have refused to give a cash infusion to Credit Susie's.
• Swiss International Bank becoming very shaky.

 

[Irag8er]

Banking failures in US spreading across the pond. Both sides of Atlantic now facing acute pressure on banking systems.

• Saudis have refused to give a cash infusion to Credit Susie's.
• Swiss International Bank becoming very shaky.

I’ve been waiting for Deutsche Bank to implode for almost a year. I don’t know what/who has been keeping DB propped up, but when they go belly up it will be heads up!

 

[Gdog]

Banking failures in US spreading across the pond. Both sides of Atlantic now facing acute pressure on banking systems.

• Saudis have refused to give a cash infusion to Credit Susie's.
• Swiss International Bank becoming very shaky.

Calm down….

They utilized outside funding (Swiss National Bank) to fix liquidity exposure.

This is not a “1930 ViBe!!!”

Zero hedge - Wall Street Reacts To Credit Suisse Rescue: Stock Gains Fade Amid Doubts SNB Support Not Enough:

https://twitter.com/x/status/1636008871843049476

 

[Totality 🇺🇦 🇮🇱]

Calm down….

I am? I've stated so above as well:

Idk about that. But where certainly getting to the "starting to sweat" stage. Not panic level quite yet.

To note the color orange is to highlight important information.

As for banking crisis spreading outside US it is. Sorry stating facts is alarmist?

 

[Irag8er]

Group of financial institutions in talks to deposit about $20 billion in First Republic, sources say​

Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits

The news comes after First Republic's stock has been pummeled in recent days, sparked by the collapse of Silicon Valley Bank and Signature Bank.

www.cnbc.com

 

[Totality 🇺🇦 🇮🇱]

Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits

The news comes after First Republic's stock has been pummeled in recent days, sparked by the collapse of Silicon Valley Bank and Signature Bank.

www.cnbc.com

That's a nice little cash infusion. To bad Saudis refusing to do so with Susie's.

 

[Irag8er]

That's a nice little cash infusion. To bad Saudis refusing to do so with Susie's.

Must have a lot of faith. That’s $20 billion UNSECURED dollars!

 

[Totality 🇺🇦 🇮🇱]

Must have a lot of faith. That’s $20 billion UNSECURED dollars!

Not to surprising.

Like I said I'm not to worried not even close to panic level. But the room is definitely getting warmer and starting to sweat a little if you know what I mean.

But there's just no way we end up in a situation like 1930's. But doesn't mean it can't spiral either into somthing bad too that could hurt millions of people.

I'd say where in the fork in the road. How governments & banking sectors cooperate will decide the outcome. Wait an see game atm.

 

[Torch]

Im thinking this is more akin to the “S&L Crisis” cira ~1985-1995 (?) About 1/3 failed and about half needed support.

(IIRC) Bailout was ~150 Billion Dollars, back when that was a shitload of money.

(I sure someone will remember or look up the dates)

 

[Peter Griffin]

But there's just no way we end up in a situation like 1930's. But doesn't mean it can't spiral either into somthing bad too that could hurt millions of people.

Never say never, our government has to default on our trillions in debt at some point. If this volatility continues regarding the banks, I could definitely see this getting out of hand.

 

[Peter Griffin]

https://www.npr.org/2023/03/13/1163180140/silicon-valley-bank-is-it-a-bailout-barofsky