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/biz/ - Business & Finance

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50214501 No.50214501 [Reply] [Original]

what happens if Credit Suisse goes belly up?
big deal or nothing burger?

>> No.50214551

>>50214501
i wonder if this is an aftershock of them losing 5.5 billion on Archegos somehow
https://www.wsj.com/articles/inside-credit-suisses-5-5-billion-breakdown-archegos-11623072713

Credit Suisse always gets brought up alongside Deutsche as one of the banks that would be most likely to fall in a new economic downturn

>> No.50215029

Probably nothing. I guess rate rise is spooking somebody. I would sell those CDS but I'd rather have BTC. CS is too big to fail.

>> No.50215179

>>50214501
banking system in general has been heavily regulated and forced to do a bunch of things since GFC to withstand shocks

but hey the risk has to be somewhere and all the bad deals must be somewhere so why not CS

and in case of failure the equity holders get wiped out. the institution itself will be restructured and will chug along just fine

>> No.50215210

>>50214551
Along with Citibank (Oops spoilers)

>> No.50215241

>>50214501
what is a credit default swap and can i long it 100x?

>> No.50215611

>>50214501
I’ve seen this one before

>> No.50215786

>>50214501
>CS
>Mkt cap
>14.56B
sooo, about Cardano rugging
who cares