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Beefeater Profile picture
@Beefeater_Fella
Mar 16, 2023 • 6 tweets • 6 min read • Read on X
Scrolly
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
4/5
2017 - Police raided homes and Credit Suisse banks in the Netherlands and France and launched investigations into employees in the UK, Australia and Germany involved in tax evasion in over 55000 accounts. At the time Credit Suisse said it was “co-operating with authorities”… twitter.com/i/web/status/1… ImageImage
5/5
2021 Credit Suisse recorded a $5.5bn loss due to it’s exposure to a US Hedgefund which collapsed. The bank said it fired 9 staff and took action against a further 23 staff. It promised to put “Risk Management at the heart of its decision making”

2021 Credit Suisse was… twitter.com/i/web/status/1… ImageImageImage
BREAKING:

UBS will be buying a world of corruption - it will colour the UBS image permanently, with corruption and systematic failures in compliance and due diligence.

reuters.com/business/finan…

@UBS #UBS #Credit_Suisse #CreditSuisse #Corruption

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More from @Beefeater_Fella

Beefeater Profile picture
Feb 8
On russian Telegram: Israel want to double it’s russian tourists 🤬

Israel plans to double the flow of tourists from Russia to “revive” the destination.

This is Netanyahu’s dream to continue his special relationship with Putin and Russia.”

1/5 Image
A wide range of measures to support the industry is being prepared, including new offers for Russians, said Vladimir Shklyar, director of the Israeli Ministry of Tourism's department in Russia.

2/5
Russians have flocked to Israel en masse, with over 70,000 domestic tourists visiting the country in 2024. This was reported to Interfax by the press service of the Israeli Ministry of Tourism.

3/5
Read 8 tweets
Beefeater Profile picture
Feb 7
On russian Telegram: Missile flop leads to resignation?

Cheka-OGPU channel reports on the real reasons for the resignation of the head of Roscosmos, Yuri Borisov:

1/9 Image
"First of all, Putin's anger was connected with the absolute failure in the issue of production and putting on combat duty of the Sarmat missile system, which should replace the outdated Voevoda (Satan).

2/9 Image
The problems with the operation of the Sarmat liquid-propellant missile have not been resolved, there is no proper electronic component base for serial production, the entire range of tests has not been carried out, etc.

3/9
Read 10 tweets
Beefeater Profile picture
Feb 6
On russian Telegram: businesses are projecting inflation nightmares in russia

A new wave of inflation is approaching Russia: almost 40% of large companies have announced price increases. According to the Russian Union of Industrialists and Entrepreneurs…

1/4 Image
37% of companies plan to increase prices on products to compensate for tax increases, the devaluation of the ruble and the deterioration of financial indicators - a record value over the past 7 years.

2/4
Every fourth company complains about a lack of working capital and the inability to obtain a loan, and every fifth - about the fall of the ruble, while almost 18% of respondents note an increase in the fiscal burden.

3/4
Read 5 tweets
Beefeater Profile picture
Jan 19
On russian Telegram: Russians waking up to the collapse of the National Wealth Fund.

Russia has eaten up two-thirds of its National Welfare Fund in the last three years

1/4 Image
National Fund Russia's wealth - the "nest egg" for a rainy day that the government has been saving for years using the budget's oil and gas super-revenues - continues to rapidly shrink.

2/4
By Dec 2024, the volume The fund's liquid, i.e. unused, resources decreased by another third, or $18.4 billion.

According to the agency's statistics, as of Jan 1, the NWF had $37.5 billion of "free" money left, the lowest level since 2008, when the fund was created.

3/4
Read 6 tweets
Beefeater Profile picture
Jan 12
On russian Telegram: The truth is leaking out.

Former Morgan Stanley banker warns of a financial crisis in Russia. Craig Kennedy, a former banker, says in his report a hidden defense financing scheme that, creates the preconditions for a credit crisis.

1/2 Image
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Since mid-2022, corporate debt in Russia has grown by $415 billion (+71%), which is 19.4% of GDP. More than 70% of this increase was in sectors related to military activities.

2/2
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Beefeater Profile picture
Jan 8
On russian Telegram today; Proposal by russians to freeze russian deposits, in russia. Good idea vlad!

The Central Bank is considering freezing Russians' deposits as an alternative to raising the key rate, the media reports.

1/3 Image
55 trillion rubles could be blocked with interest rates maintained in order to reduce inflation. The idea is supported by the Ministry of Finance, as it would help close the budget deficit.

2/3
However, law enforcement agencies have already warned that such a step would cause mass discontent and destroy the banking system.

The world supports this initiative - get on with it!

3/3
Read 4 tweets

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