Credit Suisse Group (fka CS)

[Invest-in-America]

CS: Did you FIND it yet?

[Invest-in-America]

CS: Now $1.96 on sale.

[UpTickMeA$AP]

Some Chinese company exposure with $SIVB. Deposits made whole for Chinese companies, by our FDIC decision to insure everything, rather than the $250k it was supposed to.

China's Andon Health, a maker of medical devices, says it has full access to funds parked at Silicon Valley Bank, after the US government intervened to backstop all the deposits at the failed lender.

The Tianjin-based company, which manufactures consumer health devices and supplied Covid test kits to the United States during the pandemic, has cash deposits at SVB worth 5% of its total cash and cash equivalents.

That amounts to approximately 675 million yuan ($98 million), according to calculations based on its most recent earnings report.

I'm not sure if there are more, and how much were on the hook for, if more. All Chinese companies are on the CCP hook.

Edit: looks like "more than a dozen."

So far, more than a dozen of firms have issued statements trying to pacify investors or clients, saying that their exposure to SVB was limited. Most were biotech companies.

Wuhan Lab? That would really be something!!! Bail those shit bags out..

https://www.cnn.com/2023/03/13/economy/china-company-svb-funds-unaffected-intl-hnk/index.html

[dubc]

Everyone wants to buy cs sub 1.75s I presume . .


. . ; )

[dubc]

Dont worry . . I thought svb chapter 11 is connected to CS . . ( my bad lol)


I hope this drops in the short term anyway. . Glta . .

[UpTickMeA$AP]

Fair enough.

I don't know your strat, so I was just throwing that out there, since you seemed interested in Qs. Thought you might flip them.

Seems like a good chance it goes lower. The trend, and environment is prime for more pain, and it continues to struggle.

I'd like to see a sharp drop before I looked to play.

Hope you find your entry, and the skies turn Blue. Gltu

[dubc]

I am looking at CS for now . .

Silicon valley bank is too risky for me . . Look like it stop trading (added it to my watch list anyways jks)


Hope this drops a bit . .

[UpTickMeA$AP]

I won't even speculate on $CS currently. This whole bank run is still in it's early phase. The next couple weeks most likely hold much more clarity.

Are you looking for a new Q play?

$SIVB will have one.

[dubc]

Is Qs coming. . ? Tia . .


. . ; )

[dubc]

Ok thanks for your help . .


Looking for entry . . Hoping for lower prices in the short term . . Glta . .

[MasterBlastr]

It wouldn't be CSQ. 100% certain.

[dubc]

Do you think it will drop lower if it becomes csq ?

[MasterBlastr]

Buy. Price target $3.47

https://fintel.io/sfo/us/cs?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=pricetarget

[TheFinalCD]

thx i traded it for some profit

[dubc]

Is it going to Qs ? OTC or what ?

Should drop some more? What do you guys think? Tia . .

[Princess17]

GL before it closes down

[UpTickMeA$AP]

Good luck!

$SIVB filed chapter Eleven. Big sale on Qs soon.

Feels Shakey all around this morning.

[TheFinalCD]

1.99 ON SALE

GLAD I TRADED 2.27 IN MORNING GAP UP

REBUYING NOW... SUB 2

[TheFinalCD]

sold 2.27 from yesterdays dip buys now can take off today and enjoy a nice day at the beach

GLTE

[TheFinalCD]

Credit Suisse Got Its Lifeline. Now It Needs to Win Back Clients
https://www.bloomberg.com/news/articles/2023-03-16/credit-suisse-got-its-lifeline-now-it-needs-to-win-back-clients#xj4y7vzkg

[UpTickMeA$AP]

Now all $CS needs to do, is win back clients...

With all the other banks, clearly doing much much better, this seems like a pipedream. They have been doing bad for years.

Time for a new CEO with a history of success. This CEO with a career history in risk management, isn't cutting it.

Zurich Insurance Group, where he was chief risk officer from 2009 and 2015.
In October 2021, Lehmann became a board member of Credit Suisse as head of its risk committee.

Doesn't seem very good with risk management..

[green maschine]

It only makes sense that banks would help each other to prevent a crisis for their own banking business.

https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-rally-on-credit-suisse-first-republic-bank-rescue-news

[UpTickMeA$AP]

She's really struggling.. Might have another 52WL coming in the next few trading days.

[TheFinalCD]

looking for that squeeze you are talking about


let me know when its hapening

[green maschine]

Yessir, and I'll still be holding. With all of the attention CS stock has gotten since yesterday, the volume is absolutely astronomical when compared to its historical volume.

[MasterBlastr]

That will take a few months . . .

[green maschine]

Yep, just waiting for that fact to settle into the minds of their depositors.

[MasterBlastr]

CS is very well capitalized, has solid backing. 'Too big to fail' is a little overused term, but it is. Has $534 billion in assets.

[MasterBlastr]

Old news. Its not good being a day behind when things are moving so fast.

[green maschine]

Saudi Arabia's SNB said it cannot provide further money to the bank because it cannot go above 10% ownership. People overreact all the time; especially over money. Credit Suisse is among the most mentioned companies across news items over the past 12 hours, and with this volume, my confidence level is pretty high.

[Saving Grace]

Credit Suisse dropped to the bottom of the blue-chip index after the bank’s biggest lender, Saudi National Bank, said it would not be able to offer it more financial help.

https://www.cnbc.com/2023/03/15/european-markets-live-updates-stocks-data-news-and-earnings.html

[MasterBlastr]

In at 2.095 from yesterday. Holding with a fair amount of confidence.

[MasterBlastr]

CS has only 0.54% shorted. Not a factor.

[green maschine]

The European Central Bank (ECB) also said, "The euro area banking sector is resilient, with strong capital and liquidity positions," the statement reads. "The ECB’s policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed."

[green maschine]

That video was from yesterday. Today CS announced it will get the necessary $54 Billion from the Swiss National Bank. Shorts are gonna short till they get SQUEEEEEZED!

[Saving Grace]

$CS -Three, Two, One, Done! RUN

[Agoura Guy]

THE DAY AFTER CS BORROWS $54 BILLION THE ECB HIKES 50 BASIS POINTS!!!!!

.... EVEN MORE CRUSHING DEBT THAT CAN NEVER BE REPAID!!!!!!!!

CS = ZOMBIE BANK!!!!!!!!

I'M GLAD I TOOK MY PROFITS AND RAN FROM THIS PIG!!!!!!

[UpTickMeA$AP]

Yikes!

Maybe she crashes into another flip.

The days not over..

Could still pop..

This is a tough one to play.

[TheFinalCD]

HEAVY SELLING PRESSURE WITH 1M+ ASK WALLS EVERY TICK

[TheFinalCD]

DID CS REALLY DIP TO 2.14 RIGHT BEFORE THE OPEN OR IS THAT ONE OF THOSE OUT OF ORDER PRINTS THAT MESSES THE CHART UP

[Agoura Guy]

I SOLD AT $2.28, QUICK FLIP FROM $1.94..... THIS POS SHOULD HAVE GAPPED HIGHER!!!!!!

.... BUT NICE 1 DAY PROFIT IN ANY CASE!!!!!!

[TheFinalCD]

2.30'S OF COURSE NOW IT MOVES

THAT HAPPENS TO ME ALL THE TIME

ITS LIKE THEY ARE WAITING FOR ME TO SELL, THEN PUSH IT UP

[Stevenvegas]

Just didn't behave pre market strong enough for me to hold. $$$ in the pocket so all good. Next!

[TheFinalCD]

2.70 WAS THE POP FROM 1.74


NOW ITS RISKY IMO

[TheFinalCD]

https://ih.advfn.com/stock-market/NYSE/credit-suisse-CS/stock-news/90523770/report-of-foreign-issuer-pursuant-to-rule-13a-16-o

[Stevenvegas]

out CS 2.27 just not popping like I thought

[Stevenvegas]

Whatever pops the price

[UpTickMeA$AP]

Looks like, it is needed..

Credit Suisse Group AG arranged to borrow as much as 50 billion francs ($54 billion) from the Swiss National Bank and offered to repurchase debt in a bid to reverse a collapse in market confidence.

The troubled lender will borrow from a liquidity facility and is making a tender offer to buy back up to three billion francs of dollar- and euro-denominated debt, according to a statement

https://www.bloomberg.com/news/articles/2023-03-16/credit-suisse-to-borrow-as-much-as-54-billion-from-central-bank?leadSource=uverify%20wall


Wonder how the market will react. Both positive, and negatives to this.

[Agoura Guy]

I LOOK FARWARD TO SELLING MY CHEAP CS TO SOMEONE ELSE AT MUCH HIGHER PRICES!!!!!

THEIR MONEY IN MY POCKETS!!!!!!!!!!

[TheFinalCD]

Roubini Says Credit Suisse Might Be 'Too Big to Be Saved'

maybe Roubini is short CS ?