Against the backdrop of a new record fall in Credit Suisse shares, US and British officials announced the approval of measures to take over the Swiss bank

The takeover of troubled Swiss bank Credit Suisse by big bank UBS has been welcomed by major central bankers and government officials.

US Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen jointly stated:

We welcome the statements made by the Swiss authorities today to support financial stability.

Although, it would seem, what business in a market economy can be the officials of another country regarding the banking sector in Switzerland. Another proof that the real market economy in the West has long ceased to be a market economy, and is increasingly influenced by state institutions, including foreign ones.

The US Treasury Department said Washington is also in close contact with international partners to support their implementation. At the same time, Powell and Yellen commented on the affairs of American banks:

The capital and liquidity positions of the US banking system are strong and the US financial system is strong.

Usually when they say this, it seems that they are trying to convince themselves.

The Bank of England also expressed its approval of the forced deal between the Swiss financial giants.

The UK banking system is well capitalized and well funded and remains secure

- said the representatives of the Bank of England. According to insiders, international players have urged Switzerland to act quickly at Credit Suisse in the past few days.

According to the European Central Bank (ECB), the quick steps taken to rescue Credit Suisse are key to calming financial markets. Prompt action and decisions by the Swiss authorities are critical to restoring orderly market conditions and ensuring financial stability. This is how ECB President Christine Lagarde explains the situation and its decision.

Swiss Finance Minister Karin Keller-Sutter considers the takeover uncontested. As stated, the takeover of UBS was the only possible solution.

Any other decision would have caused a financial crisis. Alternative scenarios entailed risks that were difficult to weigh. A takeover of Credit Suisse by the state, for example, would mean a huge risk for the taxpayer, and its liquidation would put pressure on the Swiss financial center.

Keller-Sutter said in Bern.

These words sounded against the backdrop of how Credit Suisse shares fell by tens of percent, dragging Saudi assets invested in UBS down with them. It is estimated that the Saudi investor lost about $1 billion in just one day.

Trading in shares of Credit Suisse at the end of the day stopped at a mark that is more than 55 percent lower than the previous one.

Comments

[War Lord]

The takeover of troubled Swiss bank Credit Suisse by big bank UBS has been welcomed by major central bankers and government officials.

Now the second goal of the war in Ukraine is clear, in addition to the defeat of Russia - the complete conquest of Europe by the impudent Saxons.

Now, for the victory of Russia, its leadership needs to deal a crushing blow to the banking and financial systems of the USA and Great Britain, causing a chain reaction of bankruptcies of the leading banks in the USA and England.
It is not the army, not the navy and not the air force that form the basis of the world power of the British Empire, including the United States, but the financial system.

[Neo-9947]

Quote from War_Lord

Russia, its leadership needs to deal a crushing blow to the banking, financial system of the United States and Great Britain

But how to do it?
I hope you do not mean a crushing blow by the Sarmat.

[War Lord]

Quite simply - the intelligence of the Russian Federation needs to cause a panic of depositors by throwing in rumors about the bankruptcy of the leading banks in the USA and England.
Depositors will run en masse to withdraw their savings, this will cause a lack of liquidity, working capital.
Banks will declare bankruptcy.
The bourgeois world is prone to panic in the market - this weakness of it must be used to the fullest.

[Neo-9947]

Is this in agreement with the Rothschilds and the Rockefellers?

[War Lord]

Do the Rothschilds and Rockefellers own the Russian Federation?

[Neo-9947]

Are you going to spread rumors about bankruptcy in the Russian Federation?

[War Lord]

And what is the point of spreading rumors in the Russian Federation about the bankruptcy of banks in the USA and England?

[Shurik70]

struggling Swiss bank Credit Suisse

But it was urgent to freeze $19 billion of Russian money.
Then customers would not run away from him.

[Edik]

Quote: Shurik70

But it was urgent to freeze $19 billion of Russian money.
Then customers would not run away from him.

First adequate comment
Yes, people think! And what if, not when this didn’t happen, and here again? And it scatters into two camps ..

[Vasyan1971]

Quote from War_Lord

Quite simply...

Nu nu ... Oh, these fairy tales, oh, these storytellers!
It's business - first, Poland is vigorously covered with a loaf, then crush the US financial system "by throwing rumors about the bankruptcy of the leading banks in the USA and England." © and it's done! This is the sofa on which a bright mind disappears ...

[ivan1979nkl]

Delov something - first, Poland is vigorously covered with a loaf, then crush the US financial system

Sarah agrees, it remains only to persuade Rothschild ...

[far diu]

It is quite simple only in hoyke.

[kapitan92]

Quote from War_Lord

Quite simply - the intelligence of the Russian Federation needs to cause a panic of depositors by throwing in rumors about the bankruptcy of the leading banks in the USA and England.
Depositors will run en masse to withdraw their savings, this will cause a lack of liquidity, working capital.
Banks will declare bankruptcy.
The bourgeois world is prone to panic in the market - this weakness of it must be used to the fullest.

Made fun of , ches word. Especially, as the intelligence of the Russian Federation will cause panic, investors will run, bankruptcy and ......... the golden key is in our pocket.
The bourgeois world is already very prone to panic in the market; of course, this is not the case with us. We are patient and pragmatic. we have no weaknesses!

[War Lord]

The conversation is not about our weaknesses, but about how to panic the speculators of Wall Street and the City of London.

[Vasyan1971]

Quote from War_Lord

The conversation is not about our weaknesses, but about how to panic the speculators of Wall Street and the City of London.

This is not a "conversation", this is "chatter" and "bazaar".

[War Lord]

You clearly underestimate the full power of psychological warfare methods - a word sometimes kills an enemy much more effectively than a bullet.

[ivan1979nkl]

a word sometimes kills an enemy much more effectively than a bullet

the word more effectively kills the fool...

[Vasyan1971]

Quote from War_Lord

You clearly underestimate the power of psychological warfare methods

And you even more clearly overestimate your "smart" thoughts.

[igork735]

Yes, there the nickname of the War Lord user says a lot. Like the phrase, "The conversation is not for our weaknesses, but for that ..."

[Bayun]

To tell the truth that there is NO gold in American state storages! It has long been plundered into private pockets. And launch the world slogan from "every iron": "ENOUGH FEEDING THE USA"!

I will assume that precious metals are no longer in Switzerland, and in many other places. It was also stolen by the future oligarchs of the New World. Precious metals, energy resources, food, industrial production, etc. will soon be tied. directly to the World digital money, and US creditors will be "honestly" given the cut paper.

[terms]

You still don’t forget Kinderman, Spicman and other pillars of geopolitics =) Their principles for the purpose of the Ukrainian conflict and increasing their presence in the Asia-Pacific region have not disappeared either)) Actually, even NATO’s eastward expansion pursues goals described by the principles of Heartland =)

[terms]

Ugh, Mackinder, not Kinderman, I always want to call him Kinderman)))

[Reptiloid]

One Democratic Partner PрSWALLOWED another its democratic partner

[digger]

that's exactly it.......

[Sergey3]

No, I do not agree, our capitalist leeches, unfortunately, do not live on a separate island, their habitat is the entire planet.

[Lt. Air Force stock]

Here is another point, the news is talking about the outflow of capital from Swiss banks, since in fact Switzerland is no longer a politically neutral country and can impose sanctions and take money away.

[ivan1979nkl]

in fact, Switzerland is no longer a politically neutral country

as they say - hell on the violin ...

[Anton Boldakov]

The USA at any time can activate the "Emergency Banking Law", which helped them survive during the years of the Great Depression - the seizure of any valuables (for example, gold) from the population with microscopic payments. So they have options to "twist"

[ivan1979nkl]

confiscation of any valuables from the population

solve problems due to internal stability ...

[rocket757]

"The one who controls the banks controls the state!" seems like an immutable postulate for all time ...
The question is ... is everything so clear-cut, in today's times?

[Sith]

Quote from War_Lord

The takeover of troubled Swiss bank Credit Suisse by big bank UBS has been welcomed by major central bankers and government officials.

Now the second goal of the war in Ukraine is clear, in addition to the defeat of Russia - the complete conquest of Europe by the impudent Saxons.

Now, for the victory of Russia, its leadership needs to deal a crushing blow to the banking and financial systems of the USA and Great Britain, causing a chain reaction of bankruptcies of the leading banks in the USA and England.
It is not the army, not the navy and not the air force that form the basis of the world power of the British Empire, including the United States, but the financial system.

Isn’t this a programmable collapse by the arrogant Saxons themselves ... some of the resources then went away during the bailout, I don’t understand where as always)
Schemes dashing 90s and early 00s

[flicker]

Isn't this a programmable collapse by the arrogant Saxons themselves

Most likely, the bankruptcy of banks causes a shortage of currency, which means that the dollar strengthens.

[Tusv]

What can I say to that. You need money to take over. You devour one, the other spoils. And the insurance rolls mercilessly. And here. American investors finally without insurance. It is very interesting how the bourgeoisie will get out here. Not well. So I look, but with the SVO, the GDP has everything thought out

[Pavel_Sveshnikov]

I am satisfied with the development of the world financial crisis of capitalism. Comrades, you are on the right path! You just have no other choice. Wherever you throw a wedge everywhere. Raise the refinancing rate - banks are falling in packs. Do not raise - inflation is growing. Apparently now they will go the second way. Will score on the fight against inflation. And through this inflation will blow away their financial bubble.

[tralflot1832]

Yesterday there was an amazing article in the NYT, Americans began to move to Europe, whose business and work allows. Americans with their incomes live cheaper than the United States. Portugal, Spain and Greece are attracted, products are cheaper and, most importantly, real estate. Americans have such a concept " the last house". If they made such a purchase, all this is forever. Real estate prices differ significantly in relation to the United States. The locals are not happy, the prices are not affordable for them. But the governments of the countries are happy that they receive highly qualified specialists. Covid has developed a remote in the USA, to which Europe is still growing and growing.

[Kerensky]

It's time to think about investing potatoes in the land, because there will be an abundance of financial specialists ...

[Sergey Averchenkov]

Just imagine, I am a person who lives 750 km north of Krasnoyarsk, we have one ATM for the entire village ... What matters to me is the fall in shares of what kind of shit is there?

[ivan1979nkl]

I care about the fall of the shares of what the hell is there?

an ATM in a crisis can also be closed

[Pankrat25]

And all your denyuzhki bye bye to the next Chubais. And given that the introduction of a completely virtual ruble begins on the first day, there will be no more pieces of paper in your pockets.

[Sergey Averchenkov]

We have gold. And gold is always gold.

[Glagol1]

A bad mine with a very bad game. Ride on, horses. Nothing, this is just the beginning!

[ivan1979nkl]

Bad mine with a very bad game

with such a game, you need to live more modestly - cut costs

[Mikhail Ivanov]

This is just the beginning... There are three island banks on the list, the first from the Standard Chartered list with a capitalization of 789 yards... Then come HSBC 196 yards, Barclays 69 yards. The list is continued by the German Deutsche Bank with 62 yards and the French BNP Paribas with 112.
All this is the result of bad intentions and the cretinous position of the authorities in the West. So let them die economically from their own sanctions!
I emphasize that this is only the beginning of the end! Now the Fed will throw traditional American firewood (gasoline) into the fire of the world economy, raising the rate by another 0,25% of the discount rate, and the business of ruining the banking system will go much faster...

[Prokop_Pork]

The problems of the Swiss banks began when they caved in under the Anglo-Americans. Easy money both flew in and flew away.

[Andrey Nikolaev_4]

“The deal, however, includes significant government support in the form of three tranches of liquidity and loans, as well as a pledge by the Swiss government to cover up to 9 billion francs in potential takeover losses.

The total support of 259 billion francs is equivalent to a third of Switzerland's total economic output, which was 771 billion francs last year.

"The government will have to tell voters why they are putting citizens' money at risk, taxpayer money, to bail out a bank that basically catered to the super-rich, did some pretty extraordinary things with their investment bank, and paid people crazy amounts of money compared to what the layman does, to make money,” one former CEO of a global bank, who did not wish to be named, told Reuters.

[Pankrat25]

I hope the swallowed carcass of the bank was poisonous and the bank that swallowed it will die of indigestion.

[Volunteer Marek]

I read the comments. Especially about the blow to the American financial system... Clinic! No comments.

[1erWahrheitsMinister_1984]

Der Credit Suisse wurde schon viel länger von ihren inkompetenten
"Managern" systematisch vor die Wand gefahren, obwohl in allen
Aufsichtsgremien angeblich "staatliche Kontrolle" stattfand...!!

Aktienkurs per Heute: 0,90 Euro (neunzig Cent !!)

Erst als der saudische Großaktionär Saudi National Bank mitgeteilt hatte,
der Schweizer Großbank endgültig kein weiteres Geld zur Verfügung stellen
zu wollen kam der endgültige Zusammenbruch!
Wenn jetzt der schweizer Staat das Geld, was selbst die vergleichsweise
risikofreudigen Saudis nicht mehr geben wollen, einfach auf Kosten der
Steuerzahler übernimmt, so bedeutet das, dass die nochmaligen Verluste
SCHON WIEDER wie auch 2008 auf den dummen Steuerzahler abgewälzt
und nicht etwa diese Bankrotteure der Bank zur Kasse gebeten werden...!!

Doch die Übernahme dieser riesigen Bank ist toxisch und könnte sich
für die UBS noch als ein "Mühlstein" erweisen, der auch sie selbst in
den Abgrund zieht...!!

Deswegen sind die Überlegungen einiger Forum-Teilnehmer die
"Gerüchte-Küche" anzuheizen um den Sturz der Banken zu
beschleunigen durchaus einer Überlegung Wert...!!
Ein Instrument, das Russland ganz allgemein auch auf anderen
Gebieten meines Erachtens viel zu wenig nutzt...!!!