Credit Suisse’s Final Days: The Race to Avert a New Banking Crisis

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The demise of Credit Suisse, one of Europe's most important banks, looked like it might spark a new financial crisis.
After years of scandals involving cocaine smugglers and corporate espionage, the last week of the 166-year-old bank's history was a rush to prevent the worst-case scenario, and resulted in a multi-billion-dollar deal with UBS that no one really wanted.
Bloomberg News and Television was there every step of the way.
Read more: www.bloomberg.com/news/featur...
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Опубликовано:

23 мар 2023

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Комментарии : 47

@willbeukes3029 Год назад

Accountability ! Jail those mediocre executives that were responsible for this chaos. GRED, GREED, GREED....

@bosco4533 Год назад

Schadenfreude at it's purest. I want to hope that the people at the heart of it will be jailed, but lets face it, they won't.

@minnermin Год назад

I use this word often very few know it's meaning

@investincornerstoneproperties Год назад

SJs can never go to jail. Not even in your wildest dreams. Keep dreaming if that makes you feel better.

@maricel4083 Год назад

Alredy detb bank is die. So let the mny country how they play. Stop printed the dollar. So mny project using dollar and not all is finished to build payment and everything. We will see how they manage this all. So just sit America and observe

@tjakkobosma5872 Год назад

If you mean fraud I don’t see where, they just collapsed that does not mean fraud

@mxvega1097 Год назад

As a GSIFI, why did CS not have a living will? Why did the Swiss regulator not press them for a break the glass plan last quarter? The bank was basically dead already. Why did the Swiss regulator upend the rule of law to deny shareholders in CS and UBS a vote on the disposition of their own assets? Why did they invert seniority on the AT1s? Why did they address a problem of TBTF by creating and EVEN BIGGER bank in a small jurisdiction without the firepower to resolve it? C'mon Bloomie, there's a bigger story here.

@lovette7684 Год назад

What was the point of bringing up Tidjane Thiam if the spying scandal had nothing to do with the bank failure?

@azzyyy734 Год назад

Markets always were an active and vibrating place.

@dancullen177 Год назад

There’s no fending it of we’re in it already

@randylochtefeld2806 19 дней назад

Tick, tick, tick, tick, time is running on UBS.

@a.k.1351 Год назад

Why do people distrust the media? Because full sentences are cut to five words and context is removed. That is why I can’t take a single article seriously anymore. You don’t deserve neither my trust, nor my time.

@alexbroere2669 Год назад

A bank should return to its roots of just focusing on banking not investments. Leave that for another company. EU should enforce this.

@timehathtcg Год назад

wow was that... really all it took

@baddbeliever Год назад

i still don't get why this can't be opened up and made part of the global system... everything else has. like all industries that were set up in the new industrial era are now replicated for success in an open format. why not american and canadian conglomerates that make a consortium, buy it up, learn the trade, and join in the business of specialty finance??? bmw bought land rover to get the X5 4X4 made and many components still resemble each other underneath. i'm not saying the consortium would fail or throw it out after they learn. i'm saying, maybe another bank may buy it later on. the victorian era is dead. we are in a deuxieme elizabethan era and will be for a century...believe me. nothing is in drastic change. it all looks like graded stages to leveling into a new era.

@clydecmcelroy4638 Год назад

The term Swiss bank no longer a trusted term.

@fujimatosa Год назад

Can smb explain me please how it is possible, that equity holder received 50%, and bond holder nothing? Usually, the bond holder is alway stand before the share holder in bunkrupt proccess. How it is possible? It should decrease the trust from investors to bank bond in the future

@fujimatosa Год назад

@@coastofkonkan What does it mean?

@lonyo5377 Год назад

They were a bad bond investment with a clause that they could be written down to nothing. The name of the bond literately had write down in it. They were called Tier 1 contingent write down capital notes. That's what these bond holders bought. Then they got written down.

@fujimatosa Год назад

@@lonyo5377 Oh, then it is ok, if it all mentioned in prospectus. Thank you very much

@patrickwong6647 8 месяцев назад

No not factual. It's agree to be written down IF the bank is wind up . As this case it was take over . So your comment is not true ?

@patrickwong6647 8 месяцев назад

And the priority of giving back to Bond first NOT shareholders is NOT follow

@joeblack4436 Год назад

Talking about market cap after talking about debt going to zero worth and shares going to zero worth... Hmm... The amount paid seems quite generous in that light.

@bayjrid0110 Год назад

Those five words were taken hugely out of context.

@MooseMeus Год назад

banks are ridiculously irresponsible with your money. just gamble with it yourself. youll learn

@marubasilaen5543 Год назад

PENGARUH KEBIJAKAN HUTANG TERHADAP PERUBAHAN AKTIVA & EKUITAS

@Stas1Stas-xh4fd Год назад

in the end, it is quite likely that the UBs will give up on this hill and that it was only a temporary reason for internal help for reasons as logical as possible, namely that those at the top are beginning to realize that it is even more risky to save an even bigger bank in case of another possible crisis....

@iamfinky Год назад

@bloomberg: Next time you make one of these, can you check the lighting with a light meter? Alex is looking a wee bit washed out and I'm sure he doesn't look like that in real life. Thanks1

@DgurlSunshine Год назад

REPO MAN

@JD-lt7uv Год назад

How do Singapore parents raise children without TikTok??? Who plays with their kids? 😮

@prettypurple7175 Год назад

2008 2.0/////

@tylercarriere3622 Год назад

Remember. Your never too big to fail. Even Goliath can fall.

@user-vu1ff8rv9y Год назад

# We who have condemned socialism - governments support insolvent banks and corporations?

@ghost144_ Год назад

Lool 😂

@crishhari5903 Год назад

Human rights champions banking sector is proped up by Saudi's. 😅

@marubasilaen5543 Год назад

BLACK FRIDAY

@bluesunproductions9079 Год назад

Bank deposits are liabilities to a bank not assets as Bloomberg just stated in this video. Please learn basic things before you present your news clip, as you provide information to the public