RE: I read Tomaaa’s posts27 Mar 2023 02:59
Nettles
Talking rubbish again! The Swiss regulator caused the bonds issues when they wiped out 15-17bn worth of bonds in the credit suisse deal. ECB/EU clarified their own position should they be in the same position regards bonds if an EU bank had similar problems. The ECB/EU stopped the rout and turned it around on the Monday after the credit Swiss deal was done or it would have been far worse that day.
As part of the deal for UBS Group AG (UBSG.S) to take over Credit Suisse, the Swiss regulator determined that Credit Suisse's AT1 bonds with a notional value of $17 billion would be wiped out, a decision that stunned global credit markets and angered many holders.
Volatility will remain so as I said there be up and down days whilst uncertainty remains in the financial sector. Wether scholtz and the EU have done enough to calm things Friday we shall see this week to next Friday NOT over one day. IMF released statement on global financial issues over the weekend IMO
PSK
****nal hasn’t a clue, anyone who thinks so should not be investing. US set market up Friday close for a trade Monday. Unless the financial sector stabilises, regains some loses it will pull the wider markets down on liquidity fears. US are still monitoring First Republic bank incase they have to step in.