The Great Financial Collapse of 2023. Comparison of Bear Stearns’ collapse in March 2008 and Credit Suisse in March 2023. – Investment Watch

through kindred_asura

In March 2008, the New York Federal Reserve equipped an emergency mortgage to take a look at to avert a surprising cave in of Undergo Stearns. The corporate may now not be stored, on the other hand, and used to be offered to JPMorgan Chase for $10 according to proportion, a worth some distance underneath its pre-crisis 52-week top of $133.20 according to proportion, however now not as little as the $2 according to proportion at first agreed upon.

The cave in of the corporate used to be a prelude to the meltdown of the funding banking trade in america and somewhere else that culminated in September 2008, and the following 2008 international monetary disaster. In January 2010, JPMorgan ceased the use of the Undergo Stearns identify.

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In March 2023, the Swiss Nationwide Financial institution equipped an emergency mortgage to take a look at to avert a surprising cave in of Credit score Suisse. The corporate may now not be stored, on the other hand, and used to be offered to UBS for $0.75 according to proportion, a worth some distance underneath its 52-week top of $8 according to proportion, however now not as little as the $0.2 according to proportion at first agreed upon.

The cave in of the corporate used to be a prelude to the meltdown of the funding banking trade …..

JPMORGAN: THE DECISION TO WRITE DOWN CREDIT SUISSE AT1 COULD LEAD TO CONTAGION FOR WHOLESALE FUNDING COSTS ACROSS THE INDUSTRY.

— Breaking Marketplace Information (@financialjuice) March 20, 2023

CEO of credit score suisse is going on media pronouncing liquidity may be very very sturdy then sells it to UBS for pennies at the greenback.

UBS stocks slide 5%, Credit score Suisse craters 60% after takeover deal

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If marketplace individuals are wringing their palms over the prospective fallout from the cave in of Silicon Valley Financial institution, simply wait till they take a look at the banking trade’s publicity to the all of a sudden weakening industrial actual property sector.

The UBS credit score default swaps (insurance coverage on default) at the moment are going vertical.

So who buys out UBS if they’ve a subject? %.twitter.com/tCRKfSIus2

— Wall Side road Silver (@WallStreetSilv) March 20, 2023

Whilst everybody used to be distracted through SVB they neglected Credit score Suisse.

Whilst everyone seems to be distracted through Credit score Suisse they are lacking Wells Fargo.

— Financelot (@FinanceLancelot) March 20, 2023