Stock Market Contents Archive

A blunt fact remains when you step back from all the details on @CreditSuisse-@UBS deal #Switzerland's second-largest bank--a bank that opened its doors for business in 1856 and was one of the 30 systemically important #banks around the world--will no longer exist as a standalone

How many times can regulators say, "This is not a bailout" with a straight face. What do you call it? When is a bailout not a bailout?

US banks: The systemically important banks have over $400 billion in excess capital and well above Basel III minimum Tier 1 capital ratio of 8%. They have complained about this for 15 yrs post GFC. Not so much now… But are in much stronger position vs OUS. $XLF

Saudis, Qataris and Norway to see big losses on UBS deal for Credit Suisse https://t.co/NYRCGEKSm3

"The consultants found that SVB was unable to generate real time or even weekly updates about what was happening to its securities." portfolioportfoliohttps://www.ft.com/content/fbd9e3d4-2df5-4a65-adbd-01e5de2c5053

Back in the US, @markets reports that S&P is set to downgrade @firstrepublic’s long-term credit rating deeper into junk territory: from BB+ to B+. IF this were to materialize, it would complicate the bank’s efforts to establish a base for a return to normal banking operations. https://t.co/jg3KezUQys

"The key question in the short run is how much this effort to avert a banking crisis is going to undercut the effort to bring down inflation from 6% - where consumer price inflation landed in February:" @nfergus https://t.co/kayhENroAl

“When you explode a bank, you ought to be banned from banking forever,” Sen. Elizabeth Warren said Sunday. https://t.co/CBrx2SrAEY

"The bonds were by Friday already trading at levels usually reserved for companies about to go bust. A slice of the bank’s $1.65 billion note, issued less than a year ago, changed hands at about 35 cents on the dollar." https://t.co/6fG9EVhok4

UBS chairman: Let's be clear, we just rescued Credit Suisse https://t.co/Ev0tXhDVmV by @BrianSozzi

.@UBS bonds and stocks may well come under pressure tomorrow IF — and it’s a big IF as comprehensive information is yet to be released — public sector support of the @CreditSuisse transaction is limited to the $100 billion liquidity facility. #economy #markets #Switzeland #banks

The downgrades for First Republic keep coming, with another cut again from S&P, just days after the ratings firm lowered the lender to junk-rated status. https://t.co/WiYIxyeZ7i

Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after seeing a wave of customer deposits exit the bank. https://t.co/jTPFWpzEFr

Sen. Elizabeth Warren criticizes Fed, calls for probe into SVB failure https://t.co/bhONzT0irB

A busy weekend as #CentralBanks look to reduce the risk of banking instability undermining economic wellbeing and normal market functioning. Here is the link to the just-issued statement from the Fed on enhancing the provision of dollar liquidity globally. https://t.co/iQxyAvaRnM