Do we need this topic?
No, there is nothing new under the sun, bank collapses have happened before and will happen again.
2 weeks to ending the war.
3 for the impending banking system collapse.
Good to know.
This sounds like deep fake audio production on first listen, but sure it’s a crazy old time and even fakes can contain an element of valuable insight by their sheer existence.
Credit Suisse
Yesterday: we are fully capitalised
Today: we need to “borrow” $54Bn
Surely the Swiss Central Bank know they ain’t getting that back.
Eh that’s largely a so what I’m afraid.