high finance and its malcontents, occult fantasies

[Leo]

This Silicon Valley Bank situation is also typical in that top executives sold millions of dollars of their shares in the weeks leading up to the default, and they also paid out their bonuses last Friday morning, hours before the government shut the bank down.

 

[sufi]

This Silicon Valley Bank situation is also typical in that top executives sold millions of dollars of their shares in the weeks leading up to the default, and they also paid out their bonuses last Friday morning, hours before the government shut the bank down.

Time to sell your Credit Suisse quick smart

 

[Leo]

I've been reading for awhile, like for the past couple of years, that they were in bad shape. Hopefully just a blip, so many times there's terrible financial news, the market dives, and then regains all the lost points in a month (sometimes the next day). So much of it is just gambling as opposed to investing in businesses. No wonder the world hates the elites!

 

[version]

Credit Suisse slump leads Europe bank rout as SVB fallout grows

Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened.

www.reuters.com

 

[Clinamenic]

 

[version]

Luke will love this.

 

[version]

"Credit Suisse should have failed like 5 times. At a certain point you need to separate yourself from the crimes and just enjoy true artists at the top of their game."

😂

 

[version]

 

[sufi]

Credit Suisse slump leads Europe bank rout as SVB fallout grows

Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns about sector stresses triggered by Silicon Valley Bank's implosion deepened.

www.reuters.com

three-way doom loop is surely some occult business

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

www.ft.com

 

[version]

 

[vimothy]

fed surely thinks the poss of system wide crisis is non-negligable, hence the new open-ended facility

 

[vimothy]

also the implication for the forward path of interest rates is ambiguous at best

 

[vimothy]

which, of itself, is a stressor for bond markets

 

[IdleRich]

That does sound like rather a lot