/biz/ - Business & Finance

How does this affect cryptos?

Sauce me my guy

>>54204730
it's everywhere anon
https://www.bloomberg.com/news/articles/2023-03-19/switzerland-weighs-full-or-partial-credit-suisse-nationalization

>>54204742
I am an retarded

>>54204742
Holy fuck

>>54204730
https://www.bnnbloomberg.ca/switzerland-weighs-full-or-partial-credit-suisse-nationalization-1.1897585

more details will come out in a few hours to beat the asian markets

When is the next CNBC special show?

Based, comfy collapse inbound :)

>>54204701
btc will pump

>>54204667
Don't call it capitalism if you ban bankruptcy.

>>54204667

>>54204667
Neat.

>>54204792
dont worry wagie can still go bankrupt just not anyone on team esg. enjoy (((capitalism))).

Feminist must be proud.

>>54204667
Bankers keep getting bailed out, when do I get my bailout?

>>54204918
You got the Corona bonus

>>54204805
severely undervalued meme

Leftypol sisters we won. Fractional reserve banking will be over and global banking sector will be completely state-run. This is why China is winning.

Next up: total ban on crypto

>>54205003
They won't be running anything, they'll just gut it. There's no coming back from this

>>54204854
>dont worry wagie can still go bankrupt just not anyone on team esg. enjoy (((capitalism))).
this is why they are going to lose their slaves and already are. no one wants to work for a rigged system and once you see it. you never unsee it.

i hope greed realm crumbles. sadly i've seen enough ufos to know that we are slaves and the tech masters are in full control.

>>54205014
They'll nationalize, then restructure and then re-privatize a part of it while the government keeps a golden share. All large German banks except for DB are now partially state-owned since 2009 because of nationalizations.

>>54204701
How will this effect the Euro?

>>54205003
>banks will be state run
Other way around, been that way since 2008

>>54204765
ffs

The Pope knew in September last year:
https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30

"The Secretariat of State is known to have had accounts in Swiss financial institutions, including Credit Suisse"

>>54204792
>>54204854
>but it's not REAL capitalism
every fucking time

>>54205064
Swiss franc *

>>54204667
It's in red so you know it's bad

>>54204805
>>54204970
Chernobyl, right? Been a while since I saw that scene. How's it relate to this situation?
also take a meme as tribute

Im getting unironically depressed from all the shit going on.

>>54204854
>team esg
I wish you niggers would stop. This clearly have nothing to do with protecting leftist policies. MAYBE liberal politicians.

>>54205329
why? cryptobros will make it thanks to all of this

>>54205329
>Meanwhile, GME holders who saw this coming 2 years ago

>>54204667
Stick a fork in it. You wanna talk about contagion? Tomorrow is gonna be fucking lit. BTC goes up at least another 20% this week

>>54204667
Nationalizing Credit Suisse could bankrupt the country. its actually too big to save

>>54205098
but not the Saudis

Saudi National Bank (“SNB") (1180.SR [1180.sr]) announced on October 26, 2022, that it was entering into a financial investment in Credit Suisse Group AG (CSGN.SW) (“Credit Suisse") for a consideration of up to $1.50 billion representing up to a 9.9% stake.

https://alahli.com/en-us/about-us/news/Pages/Oct-30-2022_News.aspx

>>54205003
We'll be eating bugz and live in pods if the radiation poisoning didn't get us first

>>54204667
You chuds keep on losing.

You will have to wait another couple of decades for your desired collapse.

>>54205003
Oh you mean like how they banned drugs and hookers? I sincerely hope they ban it. It will set off the greatest crypto bullrun in history. If you can't understand that western leaders currently in power have lost any and all credibility, then you are genuinely retarded.

>>54204667
Two more weeks finally happened
Did not crash crypto hahahahahahahahahaha

>>54204667
Kek @ the Swiss govt becoming baggies

>>54204701
pamp eet

>>54205154
Bad organizations deserve to fail and disappear. But that's not allowed in poor wittle america because without Daddy Government's support none of these shitheap companies would be able to compete with Foreign Chads. The auto industry is a great example.

America sucks. That's it. All the whining about muh capitalism and muh socialism is just a distraction from the core point: america sucks and it cannot compete on an even playing field.

>>54204765
Why is /biz/ so obsessed with this crossdresser? There's one transvestite at a company with tens of thousands of employees, so what?

>>54205682
It's a mental illness. It's just used by the rulers to divide society and fight the nuclear family.

>>54205682
Every conservative accusation is a confession. Case-in-point: >>54205702

Blackrock reacts, crypto makes meme offer

>>54204765
HAHAHAHAHAHAHA
LET A MENTALLY ILL "THING" RUN THE BANK
HHAHHHAHAHAHAHAHAHAHAHAAHAH
WHAT DID YOU THINK WOULD HAPPEN
LMAO HAHHAHAAHAHAHAHAHHAHAHAHAHAAHAHAHAHAHAHAHAHAAHHAHAHAAHHAHAAHA
*inhales
HAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHHAHAHAAHAHAHAHAHHAHAHAHAHAHAAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAAHAHAH

>>54205773
publicity stunts like this would be a sell sign to me if i were a Tron bagholder

>>54205682
It fits the pol narrative that wokeism is destroying the west. But really the idea is bullshit because the tranny was probs a good worker and had nothing to do with the poor functioning of the company. Its collapse is really the result of poor leadership at the very top.

>>54205829
>Its collapse is really the result of poor leadership at the very top.
People with integrity don't work for a "woke" company or fight for a "woke" nation. And that's how you destroy civilization from inside.

>>54204667
Oh lol. Looks like UBS will be closing out all those debit suisse short bags on GME starting Monday. Lol. To think this started with archegos.

>>54205857
I am a tranny who works for a decidedly not woke company. Are you suggesting that allowing trannies to work at all is "woke"? Should I get on neetbux for my gender dysphoria to own the libs?

>>54205806
>monke nft profile pic
lmao

>>54205909
you should just kill yourself and get the inevitable over with

>>54205909
kill the parasites making you a faggot and stop wearing dresses. simple as

UBS has now acquired Credit Suisse for $2b+, as per Financial Times, more than twice the last reported offer

https://www.ft.com/content/ec4be743-052a-4381-a923-c2fbd7ea9cfd

>>54205909
you should just act and dress normally instead of being a fag
everyone that interacts with you is on eggshells and i guarantee most people behind your back are discussing what an abomination you are

>>54205064
>>54205155
it will dump as we literally just gave 2 bil to the saudis
PRIVATIZE PROFITS
NATIONALIZE LOSSES

switzerland has high crypto adoption crypto will pump

>>54205909
>>54206134
and because of the law, they can't discriminate against you but im sure they would love to get rid of you

>>54206123
>$2b+
so .50 per share for 1t of toxic debt? based retard, ubs will default tomorrow, kek

>>54206123
>Swiss authorities expected to change country’s law to bypass UBS shareholder vote
fuck this gay earth

>he doesnt know UBS will default next

>>54206123
They must have tortured ubs ceo to buy this shit.

And bypassing shareholders, UBS goes to total shit now

>>54205909
Post hormone lumps

UBS caved in. They will pay now 50 cents per share because the SNB offered 100 billion bailout.

>>54204701
Its still a ponzi scam longterm

>>54205682
Why do journalists become obsessed with them?

>>54205087
>States will be bank-run
This sentence is true, but not the way you were thinking

>>54205507
looks like that stake is useless now kek

>>54205792
he/she doesn't "run" anything, a "director" title means absolutely nothing at these companies

So if I have some put options on Credit Suisse, what happens with this acquisition? Can I still exercise them?

>>54207023
Thanks for playing goy!

So is switzerland still considered the best place for banking ? I thought it couldn't happen there... where do i put my offshore account now ?

>>54207164
Do you see billionaries parking their money in any bank? They all buy bonds and sell when needed to invest in something. Current account should be used for short-term (if possible same day) transactions.

>>54205682
Dude he was running the bank

>>54205702
>>54205792
It's actually just a fetish

>>54205154
All the government has to do is nothing, the moment it interferes financially it becomes cronyism.

>>54208254
Imagine being this clueless.