Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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All good for the banks that don't have any equity tied up in the ones that failed. Less banks & the same amount of business should mean more profits.
jez if it sorts the problem out it has got to be a good thing ,
Sorry if this is a silly question but, the prospect of credit suisse being bought is essentially a good thing, no?
Returning stability to a current unstable element...type stuff..?
investing , be nice it all gets back to normal
I’m not disagreeing with you.
British banks have a huge cushion held by the BOE , UK banks learnt a lot from 2008 crash
https://twitter.com/malone_wealth/status/1636736907605336066?s=46&t=8aplQz9TmLFa4V7gKaY4fg
Emergency loans to banks spike to highest-ever levels as they borrow $153B from Fed - surging 3,000% from a week earlier and smashing the record set during 2008 crisis.
Society in general is going to feel the impact of this. Especially the banking sector, it’s really as simple as that.
Investing 101 ,And why do you say Barclays will feel a hit like the other banks , as Barclays position has moved from negative to stable ,
Moody's also affirmed the A1 long-term deposit and senior unsecured debt ratings of Barclays Bank PLC (Barclays Bank) and changed the outlook on these ratings to stable from negative; finally, the rating agency affirmed the A1 long-term deposit ratings of Barclays Bank UK PLC (Barclays Bank UK), and maintained a stable
Barclays will feel a hit like all other banks but don’t they belong in the same conversation. CS is down in the gutters:
https://www.cnbc.com/quotes/CSCD5
It looks like Credit Suisse has become the holder of the 'dodgiest big bank' title....after a series of scandals, & inept risk mnanagement. I'm sure Barclays won't be happy with that and will be working hard to regain the number one position!
(In case there are any lawyers watching: This is meant as a joke. Obviously Barclays is an incredibly well run organisation that would never ever do anything remotely illegal and any such unproven accusations are the figment of an incedibly deranged mind)
https://www.ft.com/content/17892f24-4ca0-417f-9093-289b019a0852
They have been given $50B from SNB and still needs to get acquired? The entire marketcap of UBS is roughly $56B.
This rash decision making really puts it into perspective of how much of a mess things are behind the scenes.
has already started.....this is going to be carnage.
Sorry...I wasn't aware...That never made my news stream over the recent months..
NORTHERN ROCK,.. On 14 September 2007, the bank sought and received a liquidity support facility from the Bank of England,..Feb 2008 it was nationalised, it took a full 12 months,..15 Sep 2008 for Lehman's to go bust and all hell let loose.
Polish banks have been in trouble for last year (if not longer)
Its starting.....Have just heard that Poland have told their banks not to pay any dividends and cancel any planned buy-backs...
Get ready, hold tight, strap yourselves in...
I know he wasn't a fraudster and I never said he was. But your belief that he had 'paid' is nonsesne. I wish I could get punished like he was: £400k pension a year . . .
I sure over the weekend will have more doom . The figures are unbelievable so far .
Flashy/LWHL, Fred the Shred was not a fraudster. He was arrogant and made appallingly value destructive decisions for which he has been publicly humiliated and had his reputation destroyed. It's not a criminal offence to make bad decisions like buying ABN Amro. Some bankers did see the inside of a prison cell including those extradited to the US who have lost virtually everything. The board members like Fred liked to take the profits but in reality, never really understood what was going on in the underlying business. They are culpable for that but not criminals.
What is the reason for the drop today I thought we had all the bad news out of the way..?
Completely against the principles of a free market, although so are bail outs (which the CS loan to all intents and purposes was). I have no problem with short selling (apart from the illegal naked short selling practice). I am aware that the derivatives market is enormous and a potential threat in itself. Another good reason to avoid the practice of bail outs. If that market ever goes tits up, then I am not sure it could be bailed out anyway, simply due to the size of it. So be it. That it capitalism.
As I don't involve myself in it and so don't pay attention to it, there is probably some naivety attached to this question. But to what extent is short selling compounding the problem in the global financial sector? And if it is a significant factor, could it and should it be suspended temporarily? I suspect the answer is that this would completely go against the grain of a free market.
Annoying that you cannot edit a post. Re the jailing of bankers - you know what I mean anyway, even if the sentence was lacking correct grammar!
Hope the market picks up as we're be down In the 20s in no time.