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“A major bank is on the brink of collapse”

Posted on 10/1/22 at 12:05 pm
Posted by anc
Member since Nov 2012
17993 posts
Posted on 10/1/22 at 12:05 pm
Lots of credible financial Twitter chatter that a major bank is on the brink of collapse.

Most pointing to Credit Suisse or Deutche.

LINK

LINK
Posted by SeeeeK
some where
Member since Sep 2012
28026 posts
Posted on 10/1/22 at 12:07 pm to
shame it isnt super predatory loaner, BOA
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27471 posts
Posted on 10/1/22 at 12:09 pm to
American Taxpayers, assemble!
Posted by BengalOnTheBay
Member since Aug 2022
3855 posts
Posted on 10/1/22 at 12:09 pm to
Deutsche Bank has been on the verge of collapse for years, which is impressive considering how favorable economic conditions have been for investment banking.
This post was edited on 10/1/22 at 12:10 pm
Posted by Lsuhoohoo
Member since Sep 2007
94343 posts
Posted on 10/1/22 at 12:14 pm to
quote:

Deutche


Idk how but this will somehow be Trumps fault
Posted by Tigers2010a
Member since Jul 2021
3627 posts
Posted on 10/1/22 at 12:15 pm to
Didn't this sort of thing happen back in the late 1920's just prior to the Great Depression?
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70840 posts
Posted on 10/1/22 at 12:19 pm to
quote:

American Taxpayers, prepare thy anus!


FIFY.
Posted by burger bearcat
Member since Oct 2020
8821 posts
Posted on 10/1/22 at 12:23 pm to
Taxpayers, prepare thy buttocks. Congress is about to go in deep.
Posted by the_truman_shitshow
Member since Aug 2021
2755 posts
Posted on 10/1/22 at 12:24 pm to
I say either Softbank or Deutsche
This post was edited on 10/1/22 at 4:05 pm
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11067 posts
Posted on 10/1/22 at 12:27 pm to
The capital flight into dollars is going to be epic. tFear is spreading like a virus.
Posted by GnashRebel
Member since May 2015
8174 posts
Posted on 10/1/22 at 12:30 pm to
quote:

Idk how but this will somehow be Trumps fault


Beat me to it
Posted by ldts
Member since Aug 2015
2677 posts
Posted on 10/1/22 at 1:58 pm to
Probably Credit Suisse. They've been a mess for a while. They lost billions on the Archegos and Greensill failures. There have been rumblings of them needing to raise capital. Apparently they will be coming out soon with a plan to restructure their investment bank. Earlier, word was they were wanting to split it up and put the riskier assets together in a division to get rid of.

Deutsche bank hasn't had a great history, but they did hire a new CEO a few years back that has them going in a good direction. They've done some restructuring over the past couple years, including slimming down their investment banking division.

ETA: can't help but to wonder if the wording at the start on the tweet is a hint.
This post was edited on 10/1/22 at 2:20 pm
Posted by Quidam65
Q Continuum
Member since Jun 2010
19307 posts
Posted on 10/1/22 at 3:03 pm to
A good reason to be either in a credit union or a local bank
Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
17273 posts
Posted on 10/1/22 at 4:31 pm to
quote:

Didn't this sort of thing happen back in the late 1920's just prior to the Great Depression?
Actually it was almost two years after Black Friday when what became known as the GD really began, with the failure of Austria’s biggest bank, Creditanstalt, in May 1931.
This post was edited on 10/1/22 at 4:32 pm
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 10/1/22 at 4:36 pm to
Hate to see it....

THe financial system cannot handle the govt spending and woke corporation bullshite!

Capitalism does not accept socialistic trends!
Posted by Goonie02
Member since Dec 2019
2475 posts
Posted on 10/1/22 at 4:47 pm to
the US of A taxpayer will bail them out. don't worry Europe we remain servile and obedient to you. even though you think of Americans as backwater, uncultured hillbillies.

we will gladly pay for your defense, fight your wars and prop up your economies.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67633 posts
Posted on 10/1/22 at 4:55 pm to
sounds too big to fail
Posted by Bass Tiger
Member since Oct 2014
45963 posts
Posted on 10/1/22 at 5:10 pm to
War Room has been reporting the past two days that China will be dumping billions of USD this coming week.
Posted by aubie101
Russia
Member since Nov 2010
3090 posts
Posted on 10/1/22 at 5:18 pm to
I can't wait to bail out another bank! Can't believe it has been more than a decade since the last meltdown, good times.
This post was edited on 10/1/22 at 5:30 pm
Posted by Strannix
District 11
Member since Dec 2012
48837 posts
Posted on 10/1/22 at 5:24 pm to
quote:

Earlier, word was they were wanting to split it up and put the riskier assets together in a division to get rid of.


I thought that was frowned upon?
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