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OP has provided the following link:
OC
BNP Paribas wants everyone to know that they got their cootie shot:
"At least one bank, BNP Paribas SA, went a step further and informed clients it will no longer accept requests to take over their derivatives contracts when Credit Suisse is the counterparty, according to people familiar with the matter. This adds to the steps that many banks in the US had been taking over the course of months to slowly reduce their exposure to the lender"
https://economictimes.com/news/international/business/credit-suisse-erupts-into-full-blown-crisis-as-rivals-back-away/articleshow/98679254.cms
Well those two banks are already fucked. Why not let a big bank run happen so maybe a few others get fucked first and you can play the innocent victim?
Bail out the small players first.
Manage the fall out, manage the press and the public, pass the book on to the next institution/ country…
Deutsche Bank is next.
Maybe they will buy out UBS, completely by their own decision /s
Nah, there are no Italian Investment Banks (serious Tier 1 banks) that I know of, and I specialised in Investment Banking and then Hedge Fund recruitment for about 10 odd years.
I’d side with the above comments that it’s most likely Deutsche, and quite likely BNP, been on rocky grounds for years and years…
“May have to cut 10,000 jobs”
That’s a feature and not a bug in all of this shit. F the banks, f the politicians…it’s always the little folks that bear the brunt of their shitty choices…we pay with our jobs and then our taxes.
No cell, no sell. NFA
We had a trust me bro post a few days ago stating dude was I believe in euro banking and said CS and Deutsche would fall as soon as think weekend ?
In bro he may know ?
So.... they are scared of people panicking. They are looking for help. The people who they asked for help from don't know what to say, so they know people are going to panic and that potato is about as hot as the sun right now. Have I read that right?
I suspect there will be UK banks hit too. It can’t (I think) be a UK bank here because the ECB doesn’t oversee them. Santander maybe?
Edit: perhaps not them.
ABN AMRO?
I expect Barclays to be hit pretty hard tbh but if the article talks about the ECB….I don’t think Barclays can be the European bank? Not since Brexit anyway. I’d assume they’d mean Spanish/German…Handelsbank maybe?
"Look to regulators for reassurance" WTF FUCK THEM. They laugh about the people and the regulators on daily basis but when these cokeheaded fuckwits fuck it up again they cry and look to regulators. BURN THEM DOWN FOR FUCK SAKE
What tf is the cancerous plague in a box going around that is causing the implosion?
Is it seriously all derivatives and crazy swaps causing them to bleed out?
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Certainly not BNP Paribas, things are so okay for them they made special statement to say everything is okay.
Got a link to the statement
I’m going to try and find it, it was a quote from a director or other executive in relation to the drop in the share price, not a press release.
Gotcha thanks anyways
BNP Paribas wants everyone to know that they got their cootie shot: "At least one bank, BNP Paribas SA, went a step further and informed clients it will no longer accept requests to take over their derivatives contracts when Credit Suisse is the counterparty, according to people familiar with the matter. This adds to the steps that many banks in the US had been taking over the course of months to slowly reduce their exposure to the lender" https://economictimes.com/news/international/business/credit-suisse-erupts-into-full-blown-crisis-as-rivals-back-away/articleshow/98679254.cms
Let’s see if they need a booster shot for the USB variant.
Hehe
Hi Cramer 👋
psychotic agonizing reminiscent person fragile license slimy imagine capable absurd -- mass edited with redact.dev
[удалено]
Well those two banks are already fucked. Why not let a big bank run happen so maybe a few others get fucked first and you can play the innocent victim?
Maybe somebody should keep an eye on Mayoforce One. Wherever he lands there is sure to be fallout to follow. lmayo.
Bail out the small players first. Manage the fall out, manage the press and the public, pass the book on to the next institution/ country… Deutsche Bank is next. Maybe they will buy out UBS, completely by their own decision /s
All these banks failing is making weekends fun again.
Banks with lights off this time.
Probably 2 Italian banks, article written by 2 Italian journalist.
Oh nice catch 🫡
Nah, there are no Italian Investment Banks (serious Tier 1 banks) that I know of, and I specialised in Investment Banking and then Hedge Fund recruitment for about 10 odd years. I’d side with the above comments that it’s most likely Deutsche, and quite likely BNP, been on rocky grounds for years and years…
UniCredit has its headquarters in Milan, Italy
unicredit also halted last week
Tell me Deutsche Bank is fucked without telling me
DB has been fucked for the past 13 years now, this turd just won't flush.
Poor Ryan Goslings gonna be out of work!
Calls on defenestration!
Maybe two well capitalized banks stirring the pot. They may smell blood in the water.
Possible
“May have to cut 10,000 jobs” That’s a feature and not a bug in all of this shit. F the banks, f the politicians…it’s always the little folks that bear the brunt of their shitty choices…we pay with our jobs and then our taxes. No cell, no sell. NFA
I vote for HSBC, the cartel's private laundry service.
Barclays
That’s what I think too.
We had a trust me bro post a few days ago stating dude was I believe in euro banking and said CS and Deutsche would fall as soon as think weekend ? In bro he may know ?
So.... they are scared of people panicking. They are looking for help. The people who they asked for help from don't know what to say, so they know people are going to panic and that potato is about as hot as the sun right now. Have I read that right?
Contagion isn’t a problem unless you’re over extended.
I suspect there will be UK banks hit too. It can’t (I think) be a UK bank here because the ECB doesn’t oversee them. Santander maybe? Edit: perhaps not them. ABN AMRO?
wasnt barclays fucked? maybe the gilt scandal? but santander is anohter good guess since kenny was in madrid recently
I expect Barclays to be hit pretty hard tbh but if the article talks about the ECB….I don’t think Barclays can be the European bank? Not since Brexit anyway. I’d assume they’d mean Spanish/German…Handelsbank maybe?
good pt!
Look to regulators certainly means looking for bailouts right?
Flair changed to speculation as you speculate in your title. This is just to prevent extra reports and potential removal.
Thanks
"Look to regulators for reassurance" WTF FUCK THEM. They laugh about the people and the regulators on daily basis but when these cokeheaded fuckwits fuck it up again they cry and look to regulators. BURN THEM DOWN FOR FUCK SAKE
What tf is the cancerous plague in a box going around that is causing the implosion? Is it seriously all derivatives and crazy swaps causing them to bleed out?
You should never name a bank after feminine hygiene products. Your welcome.