Credit Suisse’s Final Days: The Race to Avert a New Banking Crisis

Schadenfreude at it's purest. I want to hope that the people at the heart of it will be jailed, but lets face it, they won't.

Accountability ! Jail those mediocre executives that were responsible for this chaos. GRED, GREED, GREED....

As a GSIFI, why did CS not have a living will? Why did the Swiss regulator not press them for a break the glass plan last quarter? The bank was basically dead already. Why did the Swiss regulator upend the rule of law to deny shareholders in CS and UBS a vote on the disposition of their own assets? Why did they invert seniority on the AT1s? Why did they address a problem of TBTF by creating and EVEN BIGGER bank in a small jurisdiction without the firepower to resolve it? C'mon Bloomie, there's a bigger story here.

What was the point of bringing up Tidjane Thiam if the spying scandal had nothing to do with the bank failure?

Markets always were an active and vibrating place.

A bank should return to its roots of just focusing on banking not investments. Leave that for another company. EU should enforce this.

There’s no fending it of we’re in it already

The term Swiss bank no longer a trusted term.

wow was that... really all it took

i still don't get why this can't be opened up and made part of the global system... everything else has. like all industries that were set up in the new industrial era are now replicated for success in an open format. why not american and canadian conglomerates that make a consortium, buy it up, learn the trade, and join in the business of specialty finance??? bmw bought land rover to get the X5 4X4 made and many components still resemble each other underneath. i'm not saying the consortium would fail or throw it out after they learn. i'm saying, maybe another bank may buy it later on. the victorian era is dead. we are in a deuxieme elizabethan era and will be for a century...believe me. nothing is in drastic change. it all looks like graded stages to leveling into a new era.

Why do people distrust the media? Because full sentences are cut to five words and context is removed. That is why I can’t take a single article seriously anymore. You don’t deserve neither my trust, nor my time.

Talking about market cap after talking about debt going to zero worth and shares going to zero worth... Hmm... The amount paid seems quite generous in that light.

Can smb explain me please how it is possible, that equity holder received 50%, and bond holder nothing? Usually, the bond holder is alway stand before the share holder in bunkrupt proccess. How it is possible? It should decrease the trust from investors to bank bond in the future

Those five words were taken hugely out of context.

banks are ridiculously irresponsible with your money. just gamble with it yourself. youll learn

REPO MAN

@bloomberg: Next time you make one of these, can you check the lighting with a light meter? Alex is looking a wee bit washed out and I'm sure he doesn't look like that in real life. Thanks1

PENGARUH KEBIJAKAN HUTANG TERHADAP PERUBAHAN AKTIVA & EKUITAS

2008 2.0/////

in the end, it is quite likely that the UBs will give up on this hill and that it was only a temporary reason for internal help for reasons as logical as possible, namely that those at the top are beginning to realize that it is even more risky to save an even bigger bank in case of another possible crisis....