Credit Suisse
UBS just offered to acquire Credit Suisse, $CS, for $1 billion. This means that $CS shareholders would be paid $0.27 per share. An 87% DISCOUNT to the $2.01 closing price on Friday. This is either the biggest lowball offer of all time or Credit Suisse is in serious trouble. Whats going to happen to the markets? 🍿
Could you please give a summary of what's Credit Suisse and what's happening to it and how it's related to SVB?
All tied back to the 2008 GFC if you asked me!
Use that search engine I hear so much about, Google.
I think you missed the news that was slipped out…how a bunch of mid banks are asking FDIC to guarantee depositors for 2 years. What this means is that those mid/smaller banks are seeing outflows continuing..😬
https://www.cnbc.com/2023/03/18/midsize-us-banks-reportedly-ask-the-fdic-to-insure-all-deposits-for-two-years.html Maybe you need to stop reading from twitter once a while to go on other sites? Happy now?! And I am sorry if you are a bag holder of banks or CS.
I see a potential for a go fund me page in the near future
CS is going to 0 this week. Its either UBS or nationalization and with the later equity is going to get wiped out anyway (and debt is also likely to be affected).
And bag holders said this time it’s different
Is it already agreed on?