Credit Suisse Group (fka CS)

[Saving Grace]

Heading for the basement was a matter of time!

[ernie44]

OH NO not the lead plaintiff bit again

[ernie44]

all good things come to those that wait-----but
DB in same boat

[Raffis]

SEC FINED Credit Suisse MILLIONS FOR FRAUD: https://violationtracker.goodjobsfirst.org/parent/credit-suisse
https://www.google.com/search?q=credit+suisse+fined&client=safari&channel=iphone_bm&source=hp&ei=P0qSYYOkCu7BytMPsJOn4Ao&oq=credit+suisse+fined&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBABGAAyBQgAEIAEMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjoCCCk6DggAEI8BEOoCEIwDEOUCOgQIABBDOgUIABCRAjoNCC4QsQMQxwEQ0QMQQzoOCC4QgAQQsQMQxwEQ0QM6CAgAEIAEELEDOggIABCABBDJAzoHCAAQyQMQQzoFCAAQkgM6DgguEIAEELEDEMcBEK8BOg4ILhCABBCxAxDHARCjAjoLCC4QgAQQxwEQrwE6CggAEIAEEEYQ-gE6CwguEIAEEMcBENEDUIgJWKpMYOl-aAFwAHgAgAGxAYgBvwqSAQQxOC4xmAEAoAEBsAEQ&sclient=mobile-gws-wiz-hp

[Saving Grace]

To the basement when $10 support is broken.

[Saving Grace]

$CS Rip Off Scam Bank Regulatory Issues scamming steel stocks will finish this pig.

[Saving Grace]

$CS Scam Bank about to fall. Shorters dream!

[barnyarddog]

$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse

https://www.zerohedge.com/markets/175-million-revenue-and-54-billion-losses-archegos-was-300x-levered-time-bomb-credit-suisse?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[Saving Grace]

$CS Massive Sell OFF! This pig's own margin calls will finish it off.

[Saving Grace]

It's More profitable to short $CS, Falling fast.

[Saving Grace]

Joining the Shorts to force this manipulating loser down to the point of no return.

[Saving Grace]

LMAO Exposure before forced to liquidate! Now dead-and-gone.

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter.

https://www.marketwatch.com/story/credit-suisse-had-surprise-20-billion-exposure-to-archegos-investments-11619047468?mod=hp_minor_pos20

[barnyarddog]

Credit Suisse had surprise $20 billion exposure to Archegos investments
Published: April 21, 2021

https://www.marketwatch.com/story/credit-suisse-had-surprise-20-billion-exposure-to-archegos-investments-11619047468?mod=hp_minor_pos20

[Saving Grace]

Central Banks crashing through 2021.CS Top shorting candidate.

[Saving Grace]

National Banks are on the rise, who are based on worth rather than debt.

We are seeing the turn from an old broken down fiat system petrol dollar
back to a gold standard. The hedge will soon be gold with asset backed
banks soon to lead the way.

The only reason why the U.S. is back in Syria is to protect the central
bank fiat petrol dollar which has lost it's luster where many are no longer
trading oil with the fiat petrol dollar that can no longer be trusted.
The gold standard together with crypto currency and bit coin are the
new kids on the block calling the shots to make the turn complete.

The 50 year old fiat system is falling apart fast and central banks will
be the ones who feel the most pain.

[nowwhat2]

Wow.....What an amazing comparison !.....No ?




So which of the 2 represents the best value ?.....

Or which of the 2 represents the greatest risk.....



I think a contrarian would want Credit Swiss whilst most folks / the populace / Big Money / The Optimists / etc. would opt for The Cdn Breakout Play


Joe Average would be hearing nothing but great things about Cdn Banks and nothing but bad things abt credit swiss




Also TA-wise Cdn banks = Greater Clarity SO.....Darn ;
Think I got things figured out....


Why, I'm afraid I'm gonna hafta just get long our Cdn Banks . . . .


The same darned institutions which I almost HATE due to
The Shennanigans they seem to get so frequently involved in ......





5weeks later....Yikes





Canadian Banks breaking out coincided with that Dow Rally just unbelievably !

[Saving Grace]

BlackRock smells a Credit Suisse BK and another margin call that will end the manipulating short selling bank once and for all. You can see the writing on the wall.

[Saving Grace]

The next hedge-fund scandal will cost $CS everything.

These short selling scam banks have to secure their next short selling mark with real assets on a margin call. This will be the end for Credit Suise short selling manipulation scams.

ZURICH (Reuters) - Thomas Gottstein may have acted decisively enough this week to stay as Credit Suisse chief executive, but investors are likely to want more radical action after the bank's $4.7 billion loss from the Archegos hedge fund scandal.

Credit Suisse shares have dropped by 25% in the space of a month, with Switzerland's second biggest bank reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management.

This has left 57-year-old Swiss citizen Gottstein facing the daunting task of limiting the longer-term damage to the bank's reputation and retaining both clients and staff.

"It's very disappointing what has happened in the last few months - it's well below the standard we have expected," one investor in Credit Suisse debt told Reuters.

Yet Gottstein's hands will be tied until Antonio Horta-Osorio, known as AHO to some of the staff at Britain's Lloyds where he is CEO, is installed as chairman, analysts and investors said, adding that the deeper impact is yet to be felt.

"The full consequences from the reputational loss will only be visible over time," Andreas Venditti, an analyst at Vontobel bank, said of the recent events.

Credit Suisse said on Tuesday that it would take a 4.4 billion Swiss franc ($4.71 billion) charge after Archegos "failed" to meet margin commitments.

The scale of the charge, which is close to three times the investment bank's profit last year, far eclipses the $2.3 billion rogue trader loss at rival UBS in 2011.

Swiss banks have not been afraid to jettison CEOs if things do not go to plan. The rogue trader affair triggered the departure of Oswald Grubel from UBS, while Gottstein's predecessor Tidjane Thiam was ousted over a spying scandal.

Gottstein, a former investment banker and wealth manager who only took the helm a year ago, has responded quickly, replacing the head of the investment bank and the bank's risk chief.

This followed his announcement that Credit Suisse's asset management unit was to be separated from its wealth business after it was forced to shut $10 billion of funds that invested solely in bonds issued by Greensill.

WAITING FOR AHO

Investors expect broader changes will be hard to undertake until two externally-conducted inquiries into Archegos and Greensill and the change of chairman are complete.

"This transition is a job guarantee for Thomas Gottstein in the short term," a source familiar with the matter said.

Urs Rohner, who has been at the bank since 2011, is due to leave Credit Suisse at the end of April, with retail banking specialist Horta-Osório due to be elected at the upcoming annual shareholder meeting.

"We hope that the change of chairman planned for the next AGM will allow the establishment of a new corporate culture with a more focused approach on risk management," Ethos, a firm which advises shareholders on how to vote at AGMs, said.

Ethos has asked that the two investigations examine the board's accountability and the results are made public.

The change of chairman has posed problems for some seeking reassurance during a turbulent time for the bank.

"I don't really know who to turn to," one senior advisor said, adding: "Gottstein has been weakened, Rohner will be gone soon and Horta-Osorio hasn't arrived yet. Everything is in flux, but leadership is needed now."

A source close to Credit Suisse said that were it not for the planned change of chairman, the bank might already have embarked on significant structural changes.

In the interim, Credit Suisse has been combing through exposures in its brokerage prime services, another source said, and a more thorough review is expected to result in it reducing risk within the unit and its broader investment bank.

The more immediate concern is if clients and some of its top employees shift away following the most recent scandals.

One headhunter in Hong Kong said that he had received several inquiries from employees in Credit Suisse's markets business looking to leave in the wake of the Archegos scandal.

The chairman of a wealth management boutique in Monaco said he saw a chance to lure some top Credit Suisse private bankers.

"For someone like us, as a boutique, and other competitors of Credit Suisse, it's a great opportunity to gain more market share with the ultra high net worth segment," the wealth manager, who declined to be named, added.

Credit Suisse declined comment on a potential loss of staff.

Christian Meissner, who is to take charge of the investment bank following Chin's exit, has been tasked with retaining talent and winning business in areas where Credit Suisse is doing well, such as listing special purpose acquisition companies (SPACs), a source close to the Austrian banker said.

"People won't quit just yet, they would need to find new jobs first and this gives Meissner time to show they can still be competitive and win mandates," the source said.

Gottstein told Swiss newspaper NZZ on Tuesday that he still believed in the "one bank" model where divisions work together to serve wealthy clients, saying it "enhances" risk management.

If he sticks with the model, he will need to map a path to profitability, while keeping a much tighter rein on risk.

"They've lost earnings and they won't get it back until they find another way," Jason Teh, chief investment officer at Vertum Asset Management in Sydney, said.

($1 = 0.9336 Swiss francs)

(Reporting by Brenna Hughes Neghaiwi and Oliver Hirt; Writing by Rachel Armstrong; Additional reporting by Carolyn Cohn, Pamela Barbaglia and Simon Jessop in London, John Revill in Zurich and Sumeet Chatterjee in Hong Kong; Editing by Alexander Smith)

https://finance.yahoo.com/news/credit-suisse-search-map-losing-163642428.html

[Saving Grace]

$4.7billion loss from the Archegos hedge fund scandal.

https://finance.yahoo.com/news/credit-suisse-search-map-losing-163642428.html

[Saving Grace]

When the Federal Reserve Bank crashed in Feb. It was the final nail in a casket for a dead fiat, paper moon system, scandal and scam. This short article spells it out as clear as a bell. I believe it is overdue and time to pull up stakes and run like hell. There will be no reset of an old wore out system based on debt.

The Federal Reserve payment system Fedwire went down, freezing wire transfers between banks while I was editing this video. Also, It is a sign for collapse of banking system.

It is very clear that something big is happening- perhaps they are trying out a new digital payment system or are trying to cover up some other financial scandal. What’s even stranger is that this problem emerged right after Mrs. Trillions Janet Yellen’s statements about Bitcoin.

Mrs.Trillion Janet Yelled referred to bitcoin as an “extremely inefficient way of conducting transactions” and stated her fear that it’s often used for illicit finance. She referred to it as extremely volatile and brought up the huge risks it poses for investors.

This woman manages to make me laugh more every time. After saying that there will be no more economic crises in our lifetimes, this last event brought a chuckle. However, I am sure that Bitcoin and other crypto investors laugh at Yellen the most.

Also, those like me who hold tightly to gold and silver, the only real money created by God, have been laughing at this woman for years.

The Federal Reserve’s system, which is behind almost all money transfers in the U.S., went down today, shutting down trillions of dollars in payments. It affected all payments systems the central bank is in charge of, including FedACH, the automated clearinghouse system, and Fedwire Funds, an interbank transfer service. This event is similar to two others that occurred two years ago, in 2019.

In case you’re not familiar, ACH processes funds transfers like tax refunds, utility payments, payroll, social security benefits, and more. In 2019, they conducted over 62 million transactions in an average day!

A spokesman for the Fed stated that an operational error caused the operational error and they were working on restoring it. After an hour of disruption, at around 2:30? PM, their website, FRBservices.org stated that everything was back to normal. All services besides FedMail are still shown as disrupted.

Wall Street quietly predicts massive market event.

The biggest power players on Wall Street have already seen it coming – and quietly changed their outlook for 2021. This WILL affect your money.. Read More

The website said normal processing should resume this afternoon.
At 2 PM Eastern Time, the Fed issued a statement saying that they are investigating the disruption and will provide updates as they become available.

So it looks like at this point all FRB services were offline. How interesting. America’s conventional money transferring system is not working.

Services affected include account services, the Federal Reserve, Check 21, Check Adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, and the national payment system

A disruption with automatic clearinghouse services, besides affecting Social Security and income tax refunds, can negatively affect mortgage and electricity, water, and natural gas bill payments in the short term.
But in the long term is when the ball starts rolling;

A new monetary system is coming, as I described in many of my videos, especially in my recent record-high global debt video.

Global Debt Reaches A Record $281 Trillion! Get Ready For A New Global Monetary Order: Bitcoin? Gold?:

?

This is good news for those tending to limited assets, but it will be very devastating for those who haven’t prepared at all.

https://www.silverdoctors.com/headlines/world-news/fed-down-federal-reserve-payment-crash-is-a-sign-for-collapse-of-banking-system/

[NewYorker567]

It only drops 3 cents per day. It’ll eat your lunch

[tw0122]

Buy!!!buy!!!As long as the Federal Reserve is alive it will print $billions to restock and restore its member banks so they can rinse and repeat more financial crime. It’s called Socialism for the Billionaire Banks so trade accordingly!

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):

https://www.sott.net/article/250592-Audit-of-the-Federal-Reserve-Reveals-16-Trillion-in-Secret-Bailouts

[Saving Grace]

Short the hell out of this manipulating mess of a bank.

It's already going under and there won't be a reset which will finish this scam manipulator.

We the people can short stocks just the same. Lets short this pig just like they do.

[Saving Grace]

The dump will be large. Insolvent is Insolvent.

[Saving Grace]

There will be no Fiat reset. Deepstate Hurricane.

[Saving Grace]

This manipulating scam bank, overloaded with debt doesn't stand a chance surviving what's to come.

This manipulating short selling scam bank will be steam rolled overnight.

[Saving Grace]

More junk notes won't save this scam illusion.

[Saving Grace]

Credit Suisse Probability Of Bankruptcy is currently 49.40%. For stocks, Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months.

So this scam manipulator has a 50/50 chance of survival. A short sellers dream stock as USB won't merge when they're that far under water. This failing bank has run out of gas.

https://www.macroaxis.com/invest/ratio/CS/Probability-Of-Bankruptcy

[Saving Grace]

Here's Why You Shouldn't Buy Credit Suisse's Shocking...

https://www.ccn.com/heres-why-you-shouldnt-buy-credit-suisses-u-turn-on-stock-market/

[Saving Grace]

This scam bank pos is going to get burnt for shorting Cliffs.

[Saving Grace]

The paper moon fiat dollar has come apart. What banks forgot to invest in is gold and one by one they will all fall down. Central Banks, banked on crypto currency, bit coin and other digital currencies and they are stuck in the mud. It isn't panning out as they have no hedge or any gold to support and back the bank itself. The fiat illusion is over.

It's a fabricated fantasy and an illusion with zero worth with interest rates cut. The paper moon illusion has simply run out of luck with no wars and no way out and nothing coming to save it. All banks are over extended with no way to even pay it's own debt. It's just a matter of time.

Expect more lay offs and closures around the world.

[Saving Grace]

Three former Credit Suisse bankers were arrested in London in January and pleaded guilty to some of the charges in the case. They face potential jail sentences of up to 20 years. The U.S. is also seeking the extradition of Mozambique's former finance minister, Manuel Chang, from South Africa, where he has been held on a U.S. warrant since December. Mr. Chang has denied wrongdoing and says he wants to be extradited to Mozambique.

https://br.advfn.com/noticias/DJN/2019/artigo/80929376

[Saving Grace]

$CS Sell, sell, Cell! Bank is crashing!

[Saving Grace]

$CS This scam manipulator relying on coupons and options to stay afloat. What a joke and the market knows this scam bank is on it's last leg and won't be long now.

[Saving Grace]

Getting group together to sell the hell out of this manipulating scam bank for selling away metals and mining companies.

This manipulating bull shit scam bank has reaped and ripped off markets for years and it's about time they paid the price.

Buyer Beware when our group is ready, we're going to tank this pos.

[Saving Grace]

A rapid sell off of this manipulator will serve the public well.

[Saving Grace]

$CS Flash crash? Stop manipulation or be manipulated.

Black Rock said, what comes around goes around.

Basic materials, metals and mining go down, the bank goes down.

[Saving Grace]

Maxed out float preparing for the big crash.

[Saving Grace]

Indictments would stop manipulation since fines did nothing.

I can not see why this pos is even allowed to still trade and continue it's corruption.

[Saving Grace]

Strong Sell! Central Banks collapsing and CS will either have to merge to stay alive or go insolvent.

It's a tough road ahead especially with constant criminal activity from a manipulative bank. Credit Suisse's days are numbered.

Now this out of gas nightmare is now pumping it's own stock only to sell it back down as they are no good manipulators.

[Saving Grace]

What comes around goes around, Credit-Suisse going down.

This scam bank manipulator may have to merge to survive.

Central Banks are being showed the door and may be booted off exchanges. It's the beginning of the end for these deep state manipulative banks.

Credit Suisse to cut up to 500 jobs as its closes Swiss branches

https://www.saltwire.com/business/reuters/credit-suisse-to-merge-aargau-retail-banks-in-100-million-swiss-francs-savings-measure-488880/

[Saving Grace]

Reporting! This scam bank still manipulating CLF and metals.

[Saving Grace]

$CS scam manipulation vehicle may be shut down.

https://en.mercopress.com/2019/08/09/once-brazil-s-richest-man-batista-is-again-arrested-on-money-laundering-suspicion

[Saving Grace]

Scam manipulating banks like $CS are folding as they are hedged against the petrol dollar which has fallen apart and just about worthless. The paper moon is coming down.

Shorts can finish this scam off and send it into BK at any given time.

Because the Closing Indicative Value of the ETNs will be $0 on April 21, 2020 and on all future days, investors who buy the ETNs at any time at any price above $0 will likely suffer a complete loss of their investment.

[Saving Grace]

$CS Credit Suisse ready to crash hard. So they are fabricating an increase in pps with this scam bank.

Central Banks are all going under as the country transitions from the old broken down Fiat system based on debt to a revived sound money gold and silver baked system based on worth.

These manipulating scam Central Banks are soon to be a thing of the past.

[ernie44]

oh no now its going higher

[ernie44]

the great American dream of paid holidays needs a halt---eg.about 200 airbases could be closed, and they would still have 400 more to look at...TRUMP would have all the workers for the frig in wall @ RIO Grande

[MoreThan4Hours]

CS needs a positive catalyst do it can get back to upper teens and possibly fight through that $20 line!!

[MoreThan4Hours]

Been a good year from loy to hoy.

[wiltonio]

Olayan International Ltd has reported a decrease in shares of $CS by 97% since their previous 13D/G filing - https://fintel.io/so/us/cs