Piff Perkins
Veteran
But the Coli said the banking system and economy were going to collapse any second.
FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
DrBanneker
Space is the Place
Yeah in the Cypriot bank crises they EU let the banks straight take off a percentage of accounts over $100k or something to recapitalize failing banks. Outright confiscation.
MurderToCassette
Sa Da Tay
Don't read articles brehs
"An industry source tells CNN that the issue appears to be related to the Automated Clearing House (ACH), which is a network for processing transactions. The source said the problem does not appear to be a bank-specific issue."
MurderToCassette
Sa Da Tay
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OOECG55AQZPCRPMJKKWGXTBSW4.jpg)
UBS reports higher-than-forecast Q3 loss of $785 mln
UBS Group on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.
www.reuters.com
UBS reports higher-than-forecast Q3 loss of $785 mln
ReutersNovember 7, 20236:36 AM EST
Updated 2 days ago
People walk past the headquarters of Swiss bank UBS in Zurich April 30, 2013. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights
ZURICH, Nov 7 (Reuters) - UBS Group (UBSG.S) on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.
Reporting by Noele Illien, editing by Rachel More
seems like credit suisse had a lot more debt than they thought.UBS reports higher-than-forecast Q3 loss of $785 mln
UBS Group on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.UBS reports higher-than-forecast Q3 loss of $785 mln
Reuters
November 7, 20236:36 AM EST
Updated 2 days ago
ZURICH, Nov 7 (Reuters) - UBS Group (UBSG.S) on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.
Reporting by Noele Illien, editing by Rachel More
too big to fail
null
...
seems like credit suisse had a lot more debt than they thought.
too big to fail
too big "to get your money out"
"A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. The Swiss government is due to publish a report in spring next year, he added.
The SNB said the review of too-big-to-fail rules, which focuses on so-called systemically important banks, is ongoing. The central bank declined to comment on ongoing work."
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LWLVNP5SNNKLTMRPYOB3TYHX4I.jpg)
Exclusive: Swiss authorities, banks mull new rules to prevent bank runs -sources
Swiss authorities and lenders, including UBS , are discussing new measures to prevent bank runs after Credit Suisse’s rescue earlier this year, four sources familiar with the matter said, a move that could affect billions in deposits.
www.reuters.com
If people have reasons to believe the economy is bad this November, no matter how you think, based on whatever you believe, that the economy is somehow actually good, Joe Biden is not going to get re-elected.
What do liberals and "progressives" want to do about this?
What do liberals and "progressives" want to do about this?
do you make any posts that don't mention joe bidenIf people have reasons to believe the economy is bad this November, no matter how you think, based on whatever you believe, that the economy is somehow actually good, Joe Biden is not going to get re-elected.
What do liberals and "progressives" want to do about this?
MoshpitMazi
Moshpit Gxng/ Anti Fash
That's not good..