CS

Aarschotdachaubucha

VIX is climbing and suddenly SCHW is making statements about how its totally liquid, just like SVB, Signature, and CS.

StudyStonks-OII

Just bought CS... how ~~bad did I screw up~~ rich am I gonna get?

420yolocaust

Show the transaction. You probably don't even own the screenshots your linking to. It's not hard to make a screenshot. I did for your on the CS put. > CTB was high lmao no shit? Bro you're a meltdowner. Congrats on being part of the the shittiest community that actually is making fun of a stock that net income positive per share and has $1b in cash on hand. Like instead of shorting these dumbass banks like Credit Suisse is free money and, you think it's 'memestocks' that are the biggest frauds? Absolute clowshow.

VisualMod

>It is possible for UBS to close shorts inherited from CS by buying FTDs, however it is unlikely that they would do so given the current market conditions. If 40-50 million shares did not move the price significantly, then there is little incentive for them to buy 10 million more per day for two weeks. It is more likely that Kenny would simply print more money to maintain liquidity rather than engage in such a purchase plan.

gg_all_in

Lol your reply was removed. I still saw it though. I made more on my shorts than you did on your big boy CS puts. Congrats though- your bet on the collapse of the financial system made you enough to buy a mid range TV. After commission/ctb/hedges around $6,500. Doesn’t move the needle for me but like I said it’s fun to say “apes paid for my country club this year”. How many shares and what cost basis? Why won’t you say? No one cares about a screenshot from when your yolo calls printed last summer. It’s about now, man!

00000zero

Yea let’s trust banks more…how’s FRC / CS / SVB doing ?

gg_all_in

The CS put with a cost basis of $123? OK man don't spend it all in one place. This isn't about market cap it's about enterprise value. It's all about their billions in debt. Go ahead and sell BABY for $1 billion, if you can get it- you now have $1 billion and a money losing company that can't service its debts. Still bankrupt. This isn't just my opinion- the damn bonds are still trading at 30 cents on the dollar. Not a huge vote of confidence for solvency. As it is now they've diluted you 3:1 and if baggies keep buying at the end of the day it'll be more like 8 or 9:1. If they get that far, they'll have raised that billion dollars. Equity basically wiped out. The dilution will have reduced your ownership interest by 90%. Can they take the time this buys them to right the ship? I don't know. Maybe. Probably not. Legacy retailer turnarounds are very hard and their balance sheet gives them very little margin for error.

palamedes23

Quick buy CS

My_G_Alt

HSBC is probably licking their chops waiting for all the nefarious business to flow from CS and SQ to their teams now haha

VisualMod

>UBS GROUP AG FILES FORM 6-K WITH U.S. SEC TO DISCLOSE RISK FACTOR RELATING TO UBS’S PLANS TO ACQUIRE CREDIT SUISSE \>UBS GROUP AG: FURTHER INVESTIGATION AND PLANNING FOR CS INTEGRATION IS TAKING PLACE - SEC FILING ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-23 ^08:45:37 ^EDT-0400

Great-Television1775

They want to terminate the CS- Klein deal, not UBS-CS. Still problem but not world breaking News

thicc_ass_ghoul

It’s only the investment bank, not all if CS

greymalken

Is it too late to pile it onto CS?

MyoosikMan

I'm sorry, I must be mistaken. I thought that post-wipeout of the AT1s, CS was now below the CET1 threshold. What is their CET1 vs. RWA now? Understand that this is not economically important, but technically false that they have never breached it. Just took the wipeout to do it. Unless I am wrong.

EmmaTheFemma94

These things are a lot risker since its more speculation involved and their value is entirely based on what others would pay. If I buy a stock, I can just forget about it, and even if the price declines 50% I can just continue to hold it since I know how much money they make. But investing in things like CS:GO cases can be a niche and if you would really do the proper work and research anything can be invested in. I just think it's way risker, but someone who really knows the market may know if something is worth investing in. I don't invest in games but once I saw some original pokemon red/blue games selling for like 50 cents each and I knew they would be easily flipped for at least $10 each and they all did very fast and easily. There are in-game items such as WoW mounts I could invest in if I saw them selling for a good price. But they would never take a significant portion of my portfolio Im talking less than 0.5% if even that. And I need a huge discount to account for the risks since I'm not active anymore and something could have changed. It all depends if you for example know you have 5 people who would gladly pay $10 for something you can buy it for less then go for it.

PollywhirlProlapsed

This isn't an entirely meritless idea, although it's not going to be well understood or accepted here. You're better off researching the viability of this idea on CS:GO subs and discords.

Frankieyeo

CS2 and people are scared that those cases won’t come back in the new game

InitiativeBeginning

CS always the best you can never get recoil of sad as shitty as CS than any other trash fps game

be_blessed_bruh

Every time i see CS i think of Counter Strike first

Ready2gambleboomer

Imagine killing one cockroach (CS) and thinking you got them all. 

EatMoarTendies

I wonder what impact, if any, UBS’ dealings for Credit Suisse will affect their sponsorship inputs for the Mercedes-Petronas F1 team will be for the 2023 F1 season. Curious if UBS will tighten their belt in extracurricular activities when trying to right the CS ship.

Phneylaceton8

The deal is horrible for USB. They don’t even know how toxic the swaps of CS look like.

Ancient_Return430

The hike in rate is necessary. When CS got the bailout, the next day EU’s Fed also raised the interest rate, as a signal that they believe banking is healthy. Of course, CS’ collapse was not due to withdrawl, just the fact they have never been recovered since 2008, and CS sucks at investment. But the continuous rate hike got the EU market happier, stock went up. That is what Fed was trying to do too. If they skipped this hike, they are sending shock wave to all large investors that even the fed has zero trust in the US system. That is face value but is a virtue signal that the market needs. In fact. SP500 did jump after the hike announcement but the market did slide down afterward. Don’t know why but it’s not important to guess (maybe some investors are betting against it). Anyway this is the economist reading of interest rate hike.

vegaseller

well, seeing as CS and UBS were the primary transmission mechanism of dollars into BRICs, seems like they are fucked.

hj_mkt

You see what happened to CS investor when they got the bailed out.

neothedreamer

I believe CS was $3.2B.

beankdkfkfk

appearently credit suisse was holding some 500% loss on archegonia short positions WTF, is Nvda one of the bag ? no wonder why it doesn’t go down and CS melted down cause that 

bumblyburg

shades of CS Lewis in here, I like it.

cryptodolphins

It was AT1. They came into the week with a sufficient of amount of CET1 capital. Then they started having outflows of deposits to the point where the Swiss government decided something had to be done. Then the Swiss government provided a 50bn CHF liquidity line. The notes had two triggers: 1. CET1 ratio dropping below 7% or 5.5% depending on the note. This was not triggered , the CET1 never dropped below this level, else the Swiss would have used that trigger justification for the write down. 2. Significant government support - if the Swiss government provided significant government support that increased capital ratios, then the notes could be written down to zero. However, the Swiss government never provided support to increase capital, hence the lawsuits from the bondholder group and the CS AT1s trading up to 4-6. In any case bank CET1 is supposed to be first loss absorption buffer with AT1 only being bailed in after CET1 is exhausted. The Swiss government violated cap structure seniority to pay out the Saudis. Shareholder equity is intrinsically tied to CET1 capital.

Emergency-Eye-2165

Or $3 like CS.

blastoititis

Mine is in vanguard. Dropped the ant deal and robo deal, don’t know the reason but 400 mil quarterly on 900 mil people at .5% charge on accounts is a big big loss, coupled with the banking issues. Opk deal with Merck. Plug in production phase of hydrogen fueled planes with airbus plus contract on hydro cells plus hydrogen farm and transportation. Robinhood Zom CS

thefakeelonma

Fucking moron shot himself in the foot. Don't say "absolutely not". Just reiterate that he doesn't believe CS need extra money and CS would still be on life support today.

pf30146788e

Did Dimon do Bear Stearns apes dirty for $2 a share? CS? Now FRC.

Grand_Inquisitor_Nel

Alternative is that CS collapses and everyone gets laid off

pf30146788e

they are literally going to zero They are metaphorically underwater Which is why they have exactly 0 offers to buy like CS

Buteverysongislike

They did, reporter said CS was the "gorilla in the room."

automatedcharterer

you melties need to come up with a new script. Mevlin, Archegos, CS dead, Gamestop with enough cash to buy CS outright, DD playing out as predicted, and you are still going on about bags. Your script isnt working.

AshFromCalifornia

I’m definitely new but how do act like CS was a Bad chuckle chez incident. He practiced everything. In a way, I’m actually a fan. He got through pressure and kept the course. Fuck it. I’m a fan. Downvote But he did the best he could with the fuck circus

Prestigious_Risk7610

Things I took from the press release and conference - the last few weeks of banking issues have been bad, but could have been a lot worse. He said that there was real uncertainty that the CS/UBS deal wouldn't have reassured the market. - They see the risk of substantial credit tightening. I.e. their view on inflation has increased since Dec, but the need for further hiking is potentially offset by these tighter credit conditions. If this doesn't happen then more hikes are needed. - They see that inflation reduction is slowing in goods and continues increasing in services (exc housing) - He was very clear on a few occasions that they do not foresee cuts this year My assessment of this is they very much want to settle nerves, but assuming we don't get a full on banking crisis, then we are likely to see further hikes

xSAV4GE

CS2 was just announced. Puts on my relationship.

skeletor00

And they'll take the $5billion loss or whatever it was of or CS too? Don't say stupid shit

tjjusryiky

Pretty sure we already did with $GME shorts. Those Archegos bags were too heavy for CS to carry.

NewAltProfAccount

GME would go bankrupt immediately. UBS only works because they have the cash to backstop. You can buy CS for 3B, but then you need a few hundred B lying around.

FlyPenFly

Who pays back the 100b? CS is worth less than Crocs, the fashionable middle aged suburban uncle footwear company.

Beeleeve2

Q. I have a few bags of CS what will happen to them because of the buyout

Particular-Wedding

The SNB is meeting tomorrow to discuss the policy rate. I'm sure they will face questions on the UBS CS drama too.

fuscosco

Im still under the impression that I'm 'shadow banned' due to losing a really short sighted ban bet. The lack of any upvotes all week in this thread seems to indicate that, though oddly enough I suspect there is a bot doing some upvotes, who can see me still. I posted a thread no problem on this subreddit this week as well, and while I generally failed to get upvoted on the 20 or so comments I made in reply to responses there, I was plenty seen. To continue my testing, first of all **FUCK COSTCO** and second !banbet CS ~~ssii 45wk

4545MCfd

Actual conversation I had with the gorilla in my head. “It’s at $2.12. It can’t go much lower. When it rebounds, I’m be set pretty nice” (Cheese/fine watch nation government pulls out an absolute giant dong and flops it on CS stockholders face) “Well I’m regarded.”

FunCranberry112122

I said the same thing with CS at $3

TadpoleCreative

CS dissolved to fund GME short cover GME to infinity and beyond

VisualMod

#Ban Bet Lost /u/Mammoth_Tard made a bet that CS would go to 0.0 within **1 week** when it was 1.893 and it did not, so they were banned for a week. Their record is now 1 wins and 3 losses

slashinvestor

First thank-you for your honesty and response. I do appreciate that. Here is what I am saying. GME was shorted because hedge funds wanted to cause this company to be bankrupted because of whatever reason. Social media said this is bullshit and decided otherwise. In the case of CS the company made missteps and mistakes which they attempted to fix in the last year. However social media decided otherwise and as such destroyed them. Thus the fact that you automatically associate hedge funds and MM's as being shady a sort of bias is defined. The fact that I am being downvoted is also a bias. Meaning the problem of social media is not willing to even contemplate a different opinion is a real and serious problem.

Glittering_Entrance2

Pretty sure you dont. 200-1k is so realistic that its not even funny. The bag from CS alone can push it to over 200$. You really dont know how big this rabbit hole is. Everything from Melvin, CS, earning more than Amazon, how MSM will spin things around, we foresaw years ago.. And now that its coming true, people still be talking shit. Go read some of the DD, and you might get a wrinkle or two. Or short it. Same same for us

sn_uv_tv_f

apparently they were still going up even after the announcement. Speculation though, pretty much a different way to short CS

Ambugat0n

I think the bank crisis has the markets attention over inflation, at least in the short term. Pause = Maybe the bank situation is a little worse than we expected. Could rally a bit on the news of a pause but might be short lived. ECB continued with 50bps even after the CS issues, but I see no reason for more than 25bps. Yellen's comments on how strong the US banks are has me thinking 25bps. If combined with some dovish words maybe we rally.

UmphLuv605

I vote free for all! Are you suggesting regulating social media while hedge funds and MMs do all sorts of shady shit that manipulate the market? Idk how CS and GME are comparable. Is CS over 100% shorted?

NomadKing1

Gave very low price targets for meme stocks, which went up substantially, and now CS is worth less than a dollar lol. 🦍

-Dreamville-

Why’s CS giving out price targets on other companies 🤡

Iloveyourmomtoo

What IF they pull a savage move and acquire CS just for the shits haha 😂 one can dream

kletcherian

It may cost less than that as some of them are employees of CS who are entitled to the bonus.

Dumb_As_it_Gets

I might take profit on my GME calls and throw it directly into UBS puts for April… Apes think that UBS is bagholding bills bullet swaps that CS admitted to bringing them down. Supposedly they expire end of this month.

veldril

In this case, it’s because the Swiss government striped both banks’ shareholders ability to vote regarding the merger. And the majority shareholders of Credit Suisse was Saudi National Bank, which was angry with the Swiss government decision to strip their voting rights. Considering the Saudi has lot of assets in both UNS and CS, the government didn’t want to puss them off more and see them withdraws assets from Switzerland, they decided to wrote down the AT1 instead of equity.

Alarmed-Apple-9437

The Saudi National Bank invested $1.5B in CS in late 2022, buying roughly 395.47 common shares at an average price of $3.79. CS is currently trading at $.8834/share. That implies a rate of return of roughly -76.69%. The Saudi National Bank belongs to WSB.

D0D

Not the 80 billion CS was "valued" right before it was sold for 3... 😄😅

elcasar

LOL you know who lost a lot of money on CS? Saudis. Good thing they're chill.

howthefuq-

He was the one using loopholes via swaps to get fake shares in europe to short the fuck out of. Then packaged all that shit together via swaps. And CS peeked inside the swap box as they expired and fucking blew up instantly. Thats why ubs got on tv and said WE NEED TO DE-RISK IMMEDIATELY as soon as the nuclear football was passed to them.

DDavid_Nguyen

Using your -15% haircut to HTM Security and-5% haircut to loans and your 3-15-2023 numbers... If the Fed Overnight is the max reported, $109 Billions, then total liability is $196.8 Billions. Book Value is about negative 42 billions or negative $228/share using . ​ If Fed Overnight is: $66 B \~$7/share $64 B \~$17/ share ​ Bull's case: Treasury Yellen is on your side. Government is willing to firewall attempt on FRC to prevent continued domino effects (SVB, Signature, CS). Hard to believe. FRC was a well functioning bank till the bank runs. ​ Bear's case: Federal Reserve Chairman is on your side. Likely to raise interest rates by 0.25%. FIRST REPUBLIC BANK is estimated to report earnings on 04/12/2023. Banking is a net interest margin game. FRC has net interest margin lower than borrowing rate from other banks, FED windows, and FHLB. ​ I'm a bagholder and have to consider the bear's case.  Cuz it hurts!

Charming_Rice

There was a post from some crap-to investor/shill last week saying he wants to buy CS for $1.5B and turn it into a "web 3.0 bank" or something. Yea sure thing bro, we will give ~$500B in assets and liabilities for $1.5B.

IncidentFar3094

CS bonds were paying 10% then 79% and a huge spread, wow! And back to 15% and narrow spread. So it might have been a decent trade

whiskeycharliepapa

CS: $3.82B GME: $5.46B COIN: $19.12B So, this is where we are.

boostedisbetter

That’s not why CS failed though…

ThePracticalPenquin

That won’t be enough. CS is / was pretty fucked. Now ubs is royally fucked. 13.5 is best case scenario

BurritoBurglar9000

Almost made it up Mt hood today.1 hr of sleep and missed the summit by a few hundred feet before my body just said no. Still doing better than CS bondholders so there's that at least.

stonchs

There was some DD a long time ago that said that Deutsche would fall shortly after CS. Swaps are gonna be the word of the year.

gaurav0792

Because they'd buy it at a price lower than the current stock price. Like $CS.

Droopy1592

CS swaps expire 3/29/23

tjjusryiky

$GME is a big part of the reason CS is fukt right now. Those Archegos bags are heavy.

sap-a10

That was the problem with Credit Suisse. Because of their reputation & bad precedents, investors avoided them in favor of other banks that had a better look. This led to CS bleeding money and finally crashing.

SilanggubanRedditor

Nah, if you further read their answer, they said "Absolutely Not, *for many reasons*, outside the simplest..." which did imply that they might have lost confidence with CS. The media will spin it as usual, ofcourse, but it's harder to spin if SNB didn't include the "for many reasons"

tjjusryiky

If UBS can buy $GME quickly enough, they may survive the bags they inherited from CS (Archegos).

theummeower

Which stock? FRC, CS or SIVB?

Ruanxjun

I agree with you that Fed and its friends can not afford to have a systematic failure in bank sector hence the chance to stabilize the FRC situation is pretty good, but the question is at what cost? Investors will likely have to pay the price just look at how Swiss government bailed out CS. With all that said, you still have a good chance at 17 per share.

pf30146788e

You mean the guy who bought Bear Stearns? And brokered the deal to buy CS? For pennies both times? Jim Dimon?

KickItToMud

The underlying reasons of doing that is because they have to. CS has toxic assets that have to be cleaned up (what is that???), and doing so requires time. Retaining equity buys time, at least.

KickItToMud

CS's going down with equity retained indicates that wild moves are coming soon.

hustlersambition9

Guess we can all agree on this. #CNBC morons are paid shills They keep pumping FRC and CS Yet they kept shitting on the one stock retail believed in. 🚀🚀🚀🚀🚀🚀🚀🚀

Fa-ern-height451

Good point! Didn't know about CS owning GME. Wonder how much they shorted. Here's the info I found: On February 14, 2023 - Credit Suisse Ag/ filed a 13F-HR/A form disclosing ownership of 350,638 shares of GameStop Corp. (US:GME) valued at $6,472,777 USD as of December 31, 2022. The entity filed a previous 13F-HR on November 10, 2022 disclosing 255,978 shares of GameStop Corp.. This represents a change in shares of 36.98% during the quarter. The current value of the position is $5,915,263 USD