Discover and read the best of Twitter Threads about #UBS

Most recents (16)

Die Finanzmarktaufsicht @FINMA_media hat die von der @UBS übernommene @CreditSuisse bereits im letzten November angewiesen, "alternative Lösungen für den jetzt eingetretenen Fall vorzubereiten".
Das sagt #FINMA-Präsidentin Marlene Amstad im Interview mit der @NZZaS. (1/8) Image
Es sei die Rolle der FINMA gewesen, "alle Optionen vorzubereiten", sagt FINMA-Präsidentin #Amstad: "Dies beinhaltete, sicherzustellen, dass die Bank auch für eine Übernahme alles vorbereitet hat." Normalerweise seien solche Prozesse auf sechs Monate angelegt. (2/8)
"Bei der #CS verkürzten wir den Zeitraum schon im letzten Jahr auf drei Wochen", erklärt Amstad: "Die CS musste frühzeitig sicherstellen, dass ein allfälliger Übernahmeprozess in kürzester Zeit angestossen werden konnte." (3/8)
Read 8 tweets
Geldwäscherei, Drogengeschäfte und faule Kredite: etliche Skandale stellten das Vertrauen in die #CreditSuisse in den vergangenen Jahren auf die Probe. Top-Manager erhielten trotzdem saftige Boni, die Bankenaufsicht sah zu. Ein🧵zur Historie der CS-Skandale: /1
Es liest sich wie ein Kriminalroman. Die CS ließ ihren ehemaligen Vermögensverwalter Khan nach seinem Wechsel zur #UBS und weitere Mitarbeitende über Jahre hinweg beschatten. Nachdem dies 2020 ans Licht kommt, muss der damalige Präsident Tidjane Thiam gehen. /2
März 2021: Das Vertrauen in die CS wird weiter erschüttert. Der Zusammenbruch der Greensill-Fonds und des Hedgefonds Archegos kostete die Bank Milliarden. CS hatte die Greensill-Fonds zuvor noch als voll versichert beworben - und hat bis heute nicht alles zurückgezahlt. /3
Read 9 tweets
1/17-💭What we're facing is a #TRUST crisis rather than a #BalanceSheet crisis. There’s been a lot of amalgamation between #BTFP and #QE, but they are different, and their consequences will be different as well. My thoughts 👇
#CreditSuisseBankruptcy #BankingCrisis #AllianceBlock
2/17- 🏦 #BTFP (1):
- Involves banks depositing HTM bonds and AFS securities at the Fed as collateral against borrowing the At Par Value for 1 year
- Funds are likely to be used for immediate liquidity needs, backstopping bank runs and making depositors whole
3/17- 🏦 #BTFP (2) : Unlikely to result in new credit being extended, and banks are likely to tighten lending standards until the dust settles
- Velocity of money in the banking system should instead decrease, offsetting any increase in reserves
Read 17 tweets
🔴 #Blackrock et le drame du #CreditSuisse
un article de Ernst Wolff

Credit Suisse, la deuxième banque suisse, était au bord de l'insolvabilité la semaine dernière. Après que des fonds de clients d'une valeur de 100 milliards de francs suisses aient déjà été retirés au 🔽
2.
quatrième trimestre 2022, de nombreux autres investisseurs ont perdu confiance au premier trimestre 2023. En raison de l'augmentation des sorties de fonds, le coût de la couverture du risque de défaillance des obligations du Credit Suisse a fortement augmenté. Cette 🔽
3.
situation a entraîné l'effondrement du cours de l'action, qui a chuté de 31 % au cours de la seule journée du 15 mars.

Lorsque l'actionnaire majoritaire, la Saudi National Bank, a annoncé qu'elle n'investirait plus d'argent dans la banque en chute libre, une ruée sur les 🔽
Read 17 tweets
Monday Top Crypto News.

Everything you need to know in one short thread…
The new episode of our newsletter was released last night, which includes our take on the current #macro environment.

Read it and sign up here

londoncryptoclub.substack.com/p/connecting-t…
Signature Bank’s crypto-related deposits will be returned to customers directly, rather than being taken over by a unit of #NewYork Community #Bancorp under a deal announced Sunday.
Read 10 tweets
SWISS FINMA APPROVES MERGER OF UBS, CREDIT SUISSE.
#CreditSuisse #UBS #BankingCrisis
FINMA: GOV'T SUPPORT WILL TRIGGER A COMPLETE WRITE-DOWN OF THE NOMINAL VALUE OF ALL AT1 SHARES OF CREDIT SUISSE IN THE AMOUNT OF AROUND CHF 16 BILLION. ON THIS BASIS, IT WILL BE POSSIBLE TO CONTINUE ALL THE BUSINESS ACTIVITIES OF BOTH BANKS WITH NO RESTRICTIONS OR INTERRUPTIONS.
FINMA: SNB MOVE WILL PROVIDE SUFFICIENT LIQUIDITY TO CARRY OUT THE TAKEOVER. WILL ALSO COORDINATE WITH NATIONAL AND INTERNATIONAL AUTHORITIES , NAMELY THE US FEDERAL RESERVE AND THE BRITISH PRUDENTIAL REGULATORY AUTHORITY.
#CreditSuisse #UBS #BankingCrisis
Read 4 tweets
SNB: UBS TODAY ANNOUNCED THE TAKEOVER OF CREDIT SUISSE. BOTH BANKS HAVE UNRESTRICTED ACCESS TO THE SNB’S EXISTING FACILITIES.
#CreditSuisse #UBS #BankingCrisis
SNB: THIS TAKEOVER WAS MADE POSSIBLE WITH THE SUPPORT OF THE SWISS FEDERAL GOVERNMENT, THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA AND THE SWISS NATIONAL BANK.
#CreditSuisse #UBS #BankingCrisis
SNB: SNB CAN GRANT CREDIT SUISSE A LIQUIDITY ASSISTANCE LOAN OF UP TO CHF 100 BILLION BACKED BY A FEDERAL DEFAULT GUARANTEE. SUBSTANTIAL PROVISION OF LIQUIDITY WILL ENSURE THAT BOTH BANKS HAVE ACCESS TO THE NECESSARY LIQUIDITY.
#CreditSuisse #UBS #BankingCrisis
Read 4 tweets
In der Schweiz überschlagen sich die Ereignisse.

Nachdem #CreditSuisse eine Übernahme durch die UBS ablehnte, wird die Schweizer Regierung die Bank nun zum Teil, oder voll verstaatlichen.
bloomberg.com/news/articles/…

deutschlandfunk.de/medienberichte…
Auslöser war die Pleite der Silicon Valley Bank.
/PM
Nachdem Bloomberg über eine Verstaatlichubg der #CreditSuisse berichtete, kommt es jetzt doch zur Übernahme durch die #UBS.

Für 3 Mrd. Franken in UBS Aktien wird die angeschlagene Bank übernommen. Die Schweizer Nationalbank wird 100 Mrd. Franken zur Unterstützung beider Banken
Read 7 tweets
1/5 Let’s talk about Switzerland’s Credit Suisse Bank.

It is in shit street financially and needs a $54Bn bailout from Switzerland’s Central Bank.

Credit Suisse is 160 years old and is one of the largest banks in the world. This bank has a history of twitter.com/i/web/status/1… ImageImage
2/5

1986 - The bank was implicated in helping to store $10bn stolen by Phillipines Ferdinand Marco and his wife Emelda siphoned from the country. Credit Suisse open fake accounts for this couple under the names of William Saunders and Jane Ryan to hide the stolen money. The… twitter.com/i/web/status/1… ImageImage
3/5

2009 - Credit Suisse was fined $536m for circumventing sanctions by the US Gov, including Iran and Sudan between 1995-2007. At the time the bank claimed it was “enhancing procedures” and taking action internally.

2011 - Credit Suisse paid $150m dollars to settle an… twitter.com/i/web/status/1… ImageImage
Read 6 tweets
#Biden backs strength of #banking system after collapse of #SVB, #SignatureBank | Mar 13
- When fed auths bailed out depositors in insolvent lenders SVB (NASDAQ:SIVB) and #SignatureBank on Monday,
Joe sought to reassure the public
richtv.io/?p=245301 Image
#Ukraine-#BanderasBox opened.
#RAND Co | Jan 25
- There is an urgent need for #resources to flow into the national econ, especially the #banking system. Only European countries bound by #EU and #NATO commitments will be able to provide them
#SVB #SignatureBank #BanderasBox.
#Rand Co | Jan 25
- The key objective is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent
- The entire #EU #economy will #collapse
ImageImageImage
Read 38 tweets
#Schweiz will "#Lockerungsturbo" zünden. Hat die tiefste #Impfquote Westeuropas, behauptet aber, dass wegen kompletter #Durchseuchung mit #Omicron nun 95% immun seien.

Verschwiegen wird: Schutz hält nur wenige Wochen, keine #Impfpflicht geplant.

Ein erklärender Thread: 1/13
#Mehrfachinfektionen mit #Omicron sind nicht selten. Es gibt Kinder, die bereits das vierte Mal an versch. Varianten von #Corona erkrankt sind - viele davon mit #LongCovid. Selbst wenn #OmicronImpfstoffe diesen Sommer kommen, wird das Land nicht für den Winter gerüstet sein. 2/13
Mitten in #Europa kann man beobachten, was eine #ultraliberale Ideologie für unglaublich katastrophale Folgen hat: Das Land war in den ersten Wellen lange an der Weltspitze(!) bei Infektions- und #Todesfällen. Auch in den letzten Monaten blieben diese 3x mal höher als in D. 3/13
Read 15 tweets
1# THIS IS BS!!! Please LISTEN REAL clear. Who cares if #Citidel $BAC #bankofamerica $MS #morganstanley $UBS #UBS $WFC #wellsfargo R the largest owners of $SLV. It DOES NOT matter AT ALL! The VERY little they own in #Silver can NOT save them! All banks do business with each other Image
#2 Buying #Silver is a for sure way to take down ALL of the corrupt banks!! $JPM & $GS & many others R #short #Silver. The #FederalReserve is short #Silver. If we all buy Silver the corrupt banks will #FAIL! Buy ALL THE $SLV $PSLV & #Physical U can. Please be CLEAR #silversqueeze
#3 it DOES NOT matter that some of the banks, market makers or brokers own $SLV!! They don’t own enough to save them from their own demise. So what if they are long $SLV , they are short in the futures markets , options & the biggest is loaning out Silver IOU paper contracts that
Read 5 tweets
Daily Bookmarks to GAVNet 7/05/2020-2

greeneracresvaluenetwork.wordpress.com/2020/07/05/dai…

An Infectious Disease Doctor Explains Why Coronavirus Cases Are Skyrocketing

forbes.com/sites/coronavi…

#epidemic #disease
Why UBI’s Cousin, UBS, Is Better

medium.com/bigger-picture…

#ubi #UBS
Innovating in Complexity (Part I): Why Most Roadmaps Lead Straight to the Graveyard

medium.com/in-search-of-l…

#complexity #innovation
Read 3 tweets
#AlternateData is the future -
In developed markets, many hedge funds/ Investments bank have already started using these alternate data sets years before. Analysts at #UBS have used satellite images of #WallMart parking lots, cont.... Image
if the parking lots are crowded, it means more people are walking into Wall mart which means, more sales, more profits and which in turn means, rise in stock price. Image
With the growth in #SocialMedia apps, there are immense amount of data that gets generated every second. Kylie Jenner made headlines in early 2018 by firing off one single tweet that set off a downward spiral for Snap’s stock. Snapchat stock loses $1.3 billion after Kylie tweet.” Image
Read 5 tweets
Avec plusieurs de millions de #ripples, soit environ 9 millions d’euros, raflés après avoir braqué une plateforme de gestion de cryptomonnaie, vous faites quoi ? Thread #cybercrime ⬇️
La justice française soupçonne @ProsoxW3b, un jeune Grenoblois de 20 ans, d’être impliqué dans le plus gros casse français de cryptomonnaie. Un casse qui date de l’été dernier et qui aurait fait, près d’une centaine de victimes.
@ProsoxW3b La cryptomonnaie #XRP créée en 2012 est beaucoup moins connue que le bitcoin, mais déjà prisée des institutions financières. @CreditAgricole, #UBS, #Unicredit ou #Santander utiliseraient déjà la crypto (ces sociétés ne sont pas l’entreprise victime, qui souhaite rester anonyme).
Read 38 tweets
"HO PARLATO CON #RENZI IERI, PASSA" il #decreto sulle #popolari #banchepopolari La tessera #pd numero #DeBenedetti usa il suo ultimo burattino #Renzi per guadagni illeciti sulle #banche popolari #insider #trading #InsiderTrading #insiderRenzi
Ovviamente la tessera n1 del #pd #DeBenedetti ha spostato la residenza in #Svizzera e questo #scandalo #InsiderTrading, tale da far crollare un qualunque #governo al mondo, esca tardi, ad orologeria, quando ormai sono sciolte le camere...
Si capiscono sempre meglio i ritardi con cui il #pd e il #governo hanno istituito la #Commissione #banche che per #Gentilono e #Padoan era inutile 😂
Read 7 tweets

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