Shares of the largest Swiss bank fell in price after the bankruptcy of the American Silicon Valley

28
Shares of the largest Swiss bank fell in price after the bankruptcy of the American Silicon Valley

As a result of trading on Monday, March 13, shares of the largest Swiss bank Credit Suisse showed a fall of more than 11 percent. This is a record for all time.

According to the SIX Swiss Exchange, for the entire history The bank's share price has never fallen below 2,1 Swiss francs per share, while Credit Suisse shares are currently trading at 2,2 francs, which is close to an all-time low. The bank is experiencing a serious crisis caused by record losses and a massive exodus of depositors.



The record drop in quotes in the history of observations began on March 10 - after it became known about the bankruptcy of the American bank Silicon Valley Bank (SVB).

The sell-off in securities after the collapse of a major US bank serving the IT industry caused a sharp drop in the shares of other US, as well as some European banks. This is due to investors' fears that other banking institutions may face the unenviable fate that befell SVB.

Credit Suisse previously reported a record net loss of $1,5 billion. Significant losses were caused by the fact that at the end of last year, clients withdrew funds from their accounts in the amount of almost $120 billion. This was followed by a fall in the bank's annual income from trading bonds by 84 percent and shares - as much as 96 percent.

Last year's report showed that Credit Suisse's operating performance, driven by a large outflow of funds, was significantly worse than previously thought. For the Swiss banking sector, which for many decades has been considered a benchmark, this is a serious shock.
Our news channels

Subscribe and stay up to date with the latest news and the most important events of the day.

28 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. +15
    13 March 2023 16: 18
    The United States first imposed sanctions against Russian banks, and now their president excuses himself to the Americans, why American banks go bankrupt and close one after another (British, Canadian and Western European banks are under the threat of bankruptcy, by the way, because of this).

    Not a single bank went bankrupt in Russia because of Western sanctions.
  2. +22
    13 March 2023 16: 20
    I would like to hope that everything falls down like dominoes, and the experts who prophesied "dollar at 200" wiped themselves off.
  3. 0
    13 March 2023 16: 27
    Nonsense, there are too many of these banks in the West like uncut dogs. Two or three hundred more or less... laughing
    1. +23
      13 March 2023 16: 38
      Nonsense, there are too many of these banks in the West like uncut dogs. Two or three hundred more or less... laughing

      If there are a lot of banks, especially in a country that has only 20% of real production in GDP, then the domino effect develops much faster. The remaining empty 80% of paper and financial services collapse like bubbles.
    2. +15
      13 March 2023 16: 48
      Media: Trading in the shares of several American banks at the opening of the exchange was stopped due to growing fears of the largest financial collapse in the world history of exchanges
      1. +7
        13 March 2023 17: 03
        The black swan has arrived in America wassat I wonder how many stockbrokers will shoot themselves or go under the bridge to live. The fun is just beginning. Originally, the United States is collapsing the cash bubble. Europe and England will suffer again. hi
    3. -1
      13 March 2023 16: 55
      It turns out that if less than three, in a short time, panic begins. With all its charms
  4. -11
    13 March 2023 16: 31
    Half a billion dollars? Yes, there is nothing to talk about. What disaster? We gave our enemies 300 yards for no reason, and no one even got a reprimand. How many pipes rushed, also do not care, no one winced. Partners! So today minus one and a half, and tomorrow another Russian thief will be pinned down or the estates bought will be taken away - that's compensation. So this bank needs to rummage around with Russian clients, do not feel sorry for the thieves.
    1. +14
      13 March 2023 16: 45
      Galleon, a year later, it's time to stop repeating nonsense. No one has ever frozen $ 300 billion, Euro-American politicians trivially looked at the end of February 2022 the report of the Bank of Russia for December 2021, which reveals the structure of the gold reserves, looked at how much investment in Western GKOs and other securities accounted for on 12.2021, and announced by decrees that on conditional 26 -February 28, 2022 all this is "frozen". Why information for December 2021? Because the Bank of Russia makes a public report on the structure of gold reserves only once a year, in the second half of December each year. Attention, the question is: why did someone decide that from mid-December 2021 to the end of February 2022 - 2 months - the investment structure did not promptly change? Contrary to the balabolism of the plebs, rubbed into the townsfolk by various and iotas on the salary (like Khazino-Delagino-Deripasko-Komolovo-Semino-Aurora-KPRF-Shapiro-and others) - the leadership of Russia controls all the structures of the state, including the Central Bank, including all its deputy heads and departments. It's no secret that VPR was preparing for its own in advance, not for some "3-4 months", but all 8 years before that, which is why neither in the economic nor in the financial, nor in the military, nor in the logistical, or even in the geopolitical aspects the entire 1-billion collaborative kind of like a super-powerful West is not able to do anything to us. Nothing from the word Zero. Of course, the operation "Cover" was made as if by notes, the Central Bank's report for December 2021 was given, in the structure of the SVR amounted to then around $640 billion, around $330 billion were in securities of Western issuers, over the next 2 months they were transferred prepared, quietly and in an organized manner into non-Western assets, leaving for seed those $58 billion that were able to freeze the US + UK + EU. Ask what assets? 1. In paper currency ($, €), which cannot be frozen and can be paid off everywhere and always, although with some purely technical difficulties (when it comes to large amounts), but you can always attach them by exchanging them for physical assets / goods. 2. In metallic gold, palladium, platinum bullion, diamonds are not excluded, these assets are stored exclusively in the depositories of the Central Bank in St. Petersburg, Ekb and Msk (on Bryanskaya street if anyone is interested). The report on the gold reserves of the Bank of Russia is only for December 2021 (2300 tons), how much now - we don’t know how much conditional Palladium is there now - also. 3.In the GKO of the Bank of China and the posto in RMB. With which, by the way, a quarter of the planet is now paying, Russian companies, even with companies from India, Saudi, Turkey, Brazil and the United Arab Emirates, carry out some calculations in yuan. 4. In GKOs of India, and possibly in the state treasury bills of the Emirates, also in the currencies of these countries, which can be similarly converted between third countries, these assets are more stable for us than Western ones. 4. In some financial instruments (I will not decipher them here) Inside Russia. Here are 4 sources, and they are potentially huge, and the amount that needed to be quickly attached is relatively small, only ~ $ 270 billion, so there are no problems, and the West has only those numbers in computers in the form of $ 58 billion that even confiscate archilpasno otherwise non-Western (Indian, Saudi, Chinese, Brazilian, Japanese, etc.) investors will start dumping US Treasures, Gko ECB and the Bank of England by trillions. Finally, the most important thing is that both the Russian Ministry of Finance and the Central Bank consistently support the legend of the "barbarously frozen 300 billion", so they silently blocked the payment of Russian corporate debt in the amount of $ 350 billion to Western banks and investors, as well as interest on it, that is, "you took from me bricks at the dacha for 10K, no, no, I told everyone that I took that much, I rightfully took the same amount of bricks from you, and where my brick was lost from you - I don’t care. I note that corporate Russian debt is the external debt of all legal entities in the Russian jurisdiction, including state-owned companies and even FGUPAs, Mupas, etc.
      RUSSIA IS PROFITING IN THE WEST BY TAKING NESHO'S IRREGULARLY REAL ASSETS PLUS CONTINUOUSLY GREATERING RICH, THOSE THAT TAKEN EARTH AND WATERS ARE WORTH $13 TRILLION (data from Western Forbes, September 2022).
      1. +10
        13 March 2023 17: 07
        It turns out that Nabiulina and Co., participating in this grandiose "shoeing" of the West on grandmas, should be awarded a Hero star for services to Russia. And we stigmatize them, out of ignorance ...
        1. +6
          13 March 2023 18: 12
          And what do you think Nabiulina did not know the day the SVO began and continued to play with brooches. AHA.
      2. +4
        13 March 2023 17: 47
        So I read several publications that the EU has arrested the assets of the Central Bank, but cannot find them. Similarly, the United States, which even created a special group for this. In contrast, the funds of our oligarchs abroad were quickly found and arrested.
      3. +2
        13 March 2023 18: 22
        Oh how. Thank you, now we know that everything is fine. And then they doubted before, not far off.
      4. -3
        13 March 2023 19: 42
        A lot has been written, but the word collicive is spelled differently - collective. If you are illiterate in small things, how can you believe that you understand big things? negative
        1. +2
          14 March 2023 00: 06
          A lot has been written, but the word collicive is spelled differently - collective. If you are illiterate in small things, how can you believe that you understand big things? 

          Oh, how, you act just like comrades on a salary in hryvnias: if you see that you are wrong, look for grammatical errors in your opponent, and in general, get personal. So right?
    2. 0
      13 March 2023 18: 43
      Half a billion dollars? Yes, there is nothing to talk about. What disaster?

      We don't know yet whether it's an inexpressive surge, or the moth effect has begun. sad and he has already flapped his wings.
  5. +6
    13 March 2023 16: 33
    Haven't fallen off yet. The can will now start pouring dollars from the turntable again.
    1. +5
      13 March 2023 16: 46
      "Helicopter Mani" will no longer help, Bobik is dying
      5 minutes after Biden's speech, shares of Western Alliance, a large banking holding, fell by 75%

      and further down the list
  6. +6
    13 March 2023 16: 33
    So what were the Swiss bankers waiting for? Either they screwed up the banking "secret", then the Swiss "neutrality". After all, it was for this that they received their profit for many years. Now there is nothing to pay for.
    1. +1
      13 March 2023 17: 11
      Quote from Wolfskin1993
      So what were the Swiss bankers waiting for? Either they screwed up the banking "secret", then the Swiss "neutrality". After all, it was for this that they received their profit for many years. Now there is nothing to pay for.

      I agree, but in this particular case, it’s more like that a Swiss bank dealt with American bankrupts, in the banking sector there are still rumors and information goes very well
  7. +5
    13 March 2023 17: 06
    There will still be roofing felts, roofing felts will still be, roofing felts will still be oh oh oh. With what the West and congratulations! Good luck, hold on ichthyanders figs!
    1. -2
      13 March 2023 17: 30
      Quote: evgen1221
      There will still be roofing felts, roofing felts will still be, roofing felts will still be oh oh oh. With what the West and congratulations! Good luck, hold on ichthyanders figs!

      Tolya will still be, Tolya will still be, Tolya will still repeat:
      "no money, but you hold on!" laughing
  8. +1
    13 March 2023 17: 28
    And they don’t have a small share anymore!? Got drunk! am
  9. +1
    13 March 2023 18: 16
    This bank, like Deutsche Bank, had problems before. Now everything is in resonance. Not to mention the fact that rich clients are starting to gradually dump from Switzerland.
    1. +3
      13 March 2023 18: 22
      Everyone in the west took cheap money from amers, so they all wanted to stand close to their feet. It will be like in the movie: and the chieftain runs out of money
  10. +1
    13 March 2023 20: 21
    Vasya took 100 rubles from Petya, and Petya took 100 rubles from Vasya. It looks like it can be recorded as an asset ...
  11. 0
    14 March 2023 10: 46
    We need to come up with a way to ruin the collective West in this area. Then they will not be up to the war. Sometimes you have to act outside the box to win...
  12. 0
    14 March 2023 17: 50
    Quote: tralflot1832
    The black swan has arrived in America wassat

    He is BLACK, fat (in the sense of "body-positive") - isn't that what they were striving for in a fit of tolerance? They will say no ... But here, as they say, "like it, don't like it, be patient, my beauty."

"Right Sector" (banned in Russia), "Ukrainian Insurgent Army" (UPA) (banned in Russia), ISIS (banned in Russia), "Jabhat Fatah al-Sham" formerly "Jabhat al-Nusra" (banned in Russia) , Taliban (banned in Russia), Al-Qaeda (banned in Russia), Anti-Corruption Foundation (banned in Russia), Navalny Headquarters (banned in Russia), Facebook (banned in Russia), Instagram (banned in Russia), Meta (banned in Russia), Misanthropic Division (banned in Russia), Azov (banned in Russia), Muslim Brotherhood (banned in Russia), Aum Shinrikyo (banned in Russia), AUE (banned in Russia), UNA-UNSO (banned in Russia), Mejlis of the Crimean Tatar People (banned in Russia), Legion “Freedom of Russia” (armed formation, recognized as terrorist in the Russian Federation and banned)

“Non-profit organizations, unregistered public associations or individuals performing the functions of a foreign agent,” as well as media outlets performing the functions of a foreign agent: “Medusa”; "Voice of America"; "Realities"; "Present time"; "Radio Freedom"; Ponomarev Lev; Ponomarev Ilya; Savitskaya; Markelov; Kamalyagin; Apakhonchich; Makarevich; Dud; Gordon; Zhdanov; Medvedev; Fedorov; Mikhail Kasyanov; "Owl"; "Alliance of Doctors"; "RKK" "Levada Center"; "Memorial"; "Voice"; "Person and law"; "Rain"; "Mediazone"; "Deutsche Welle"; QMS "Caucasian Knot"; "Insider"; "New Newspaper"