Posted on 02/09/2023 4:06:19 PM PST by aimhigh
Credit Suisse stock declined towards multi-decade lows amid worries about the company’s financial health
Credit Suisse reported a loss of $1.5 billion, the company’s biggest loss since the global financial crisis. The company recorded outflows of $120 billion in the fourth quarter as clients took their funds elsewhere. Assets under management declined from $802 billion at the start of 2022 to $583 billion at December 31, 2022.
Credit Suisse, which is one of the biggest Switzerland’s banks, has never recovered from the 2008 financial crisis. The company’s shares touched highs near the $77.50 level in 2007 and have been moving lower for many years.
(Excerpt) Read more at fxempire.com ...
That’s not good from $77...
Next up Deutsche Bank?
There were grumblings last year on both.
I think Bank of England and Bank of China as well.
I would also like to know how deep Blackrock, Vanguard, and REITs are in real estate.
How many crooks in business suits walked off with millions in the process?
No problem. Joe will send him pallets of dollars just like he did a few months ago.
I’m a turn around expert. Here’s the plan:
Call Hunter Biden and purchase some paintings and then wait for checks.
Going off the Gold standard was a smart move for Switzerland. That plus hosting WEF, they are solidly part of the sinking stinking Western debt-loaded swamp. But once we break up the Russian Federation we will be rolling in gold. Yee-haaaa!
Were not Swiss banks forced into disclosing account information? What else were they good for but secrecy?
Another George W Bush success story…
Yes, as stated in the article, Credit Suisse valuation peaked in Bush43 second term.
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