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Swiss National Bank will provide liquidity to Credit Suisse if necessary.
Credit Suisse Bank Announces Sale of Assets Worth Over $3Bln
MOSCOW (Sputnik) - Switzerland's Credit Suisse bank announced Thursday the sale of a number of its assets in the form of debt securities in euros and dollars worth more than $3 billion.
"Credit Suisse also announces today that it is making a cash tender offer in relation to ten US dollar denominated senior debt securities for an aggregate consideration of up to USD 2.5 billion. Concurrently, Credit Suisse is also announcing a separate cash tender offer in relation to four Euro denominated senior debt securities for an aggregate consideration of up to EUR 500 million," the bank's press release read.
Wall Street Reacts To Credit Suisse Rescue: Stock Gains Fade Amid Doubts SNB Support Not Enough:
Credit Suisse shares jumped 40%, most on record, at the European open after the lender tapped the Swiss National Bank for as much as 50 billion francs and offered to repurchase debt, but have since trimmed gains in half amid speculation confirming our skeptical view voiced last night that the bailout would be insufficient. The shares fell 24% on Wednesday after its top shareholder ruled out a bigger investment.
Credit Suisse Crisis May Trigger Domino Effect and Eventual Capital Flight From Europe
Credit Suisse's liquidity crisis may be just the tip of the iceberg as other banks and non-bank financial institutions could become much more fragile and close to failure, Sergio Rossi, professor of macroeconomics and monetary economics at the University of Fribourg, Switzerland, told Sputnik.
Credit Suisse, a global investment bank and financial services firm, will borrow over 50 billion Swiss Francs ($53.7 billion) from Swiss National Bank (SNB) after investors sent its shares down by as much as 30% on Wednesday.
Quinn: Is The US Banking System Safe? ...15 Years Later
With the recent implosion of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008, I had an overwhelming feeling of deja vu. I wrote the article Is the U.S. Banking System Safe on August 3, 2008 for the Seeking Alpha website, one month before the collapse of the global financial system. It was this article, among others, that caught the attention of documentary filmmaker Steve Bannon and convinced him he needed my perspective on the financial crisis for his film Generation Zero. Of course he was pretty unknown in 2009 (not so much anymore) , and I continue to be unknown in 2023.
Pentagon releases video of doomed drone chased by Russian jet
The US Department of Defense had previously accused Russian pilots of reckless flying over the Black Sea
The Pentagon has released a video, which it said was shot from a US MQ-9 Reaper drone during a close encounter with a Russian Su-27 fighter jet, after which the American aircraft plunged into the Black Sea earlier this week.
The 50-second clip provided to the media shows an interceptor plane approaching the drone from behind and apparently ejecting fuel as it climbs.
Drone incident confirms US involvement in Ukraine conflict – Russia
The Reaper that crashed near Crimea should be retrieved and studied, Russia's top security official says
Moscow will attempt to recover the wreckage of the American MQ-9 Reaper drone that fell into the Black Sea on Tuesday, the secretary of the Russian Security Council, Nikolai Patrushev, has announced.
Speaking live on federal broadcaster Rossiya 1 on Wednesday, the official admitted that he doesn’t know if it will be possible to reach to the remains of the UAV but stressed that it was important to make an effort to find and study the wreckage.
‘Serious military developments’ are coming in Ukraine conflict – envoy
Kiev is suffering heavy losses, with its prospects looking bleak, a senior Russian diplomat said
Ukraine is being plagued by mounting military problems which do not bode well for its fortunes on the battlefield, Russia’s deputy permanent representative to the UN said on Wednesday.
Speaking to American journalist Kim Iversen, Dmitry Polyanskiy was asked where he thought the Ukraine conflict was heading, with one possible scenario being NATO’s direct involvement.
Assad to Sputnik: World War III Already Unleashed by West in Form of Proxy War
Syrian President Bashar Assad was interviewed by Sputnik after his summit with Putin. Assad stressed that modern conflicts between rival powers are waged as proxy wars, citing Kiev's "army of Nazis" and Western-backed jihadists in Syria. The Syrian leader believes only a coalition of countries led by Russia and China can topple the US hegemony.
Assad and Russian President Vladimir Putin met on Wednesday in the Kremlin to discuss economic and political cooperation. Sputnik was the first international news agency to interview the Syrian leader, immediately after the talks.
Israel On Edge After Suspected Hezbollah Operative Crossed Border, Bombed Roadway
Israel has been shaken by what's being described as a very serious security breach on its northern border, with a mysterious roadside bombing at Megiddo in northern Israel on Monday now being described as a terror act of Lebanese Hezbollah.
Until Wednesday, there was a strict gag order in place among Israeli security officials and media while the investigation was ongoing and top-level emergency security meetings were convened. One victim of the blast is said to be in serious condition, and Prime Minister Benjamin Netanyahu has been meeting with his top security officials, having also confirmed he'll be returning from Berlin a day earlier to handle the crisis.
Prime Minister Justin Trudeau has appointed someone he’s called a “family friend” to investigate election interference in Canada.
U.N. nuclear watchdog says 2.5 tons of uranium is missing from Libyan site
At least 2.5 tons of natural uranium has gone missing from an uncontrolled site in Libya, Reuters reported Wednesday.
The news was revealed to Reuters in a statement from the International Atomic Energy Agency (IAEA) — the United Nations' nuclear watchdog group. The IAEA told the outlet that "10 drums containing approximately 2.5 tons of natural uranium previously declared by [Libya] ... as being stored at that location were not present at the location."
Tedros latest calls for more collaboration and less sovereignty
Fauci: Americans will likely need "a booster shot once a year."
ZERO Evidence of Transmission of Respiratory “Viruses” - ScienceDirect
They’ve been lying to us for centuries by presenting the unsubstantiated germ theory as a scientific fact. The “germ theory of disease causation” is a Fraud
Nanotechnology Used By Military For C19 Vaccine: A spike-ferritin nanoparticle vaccine induces robust innate immune activity and drives polyfunctional SARS-CoV-2-specific T cells
Murderous Pediatrician: Kids Should Get New COVID Boosters
Satanic mass sacrifice on steroids: FDA authorizes FOURTH booster for babies
‘National Cattle Herd Shortage’ Exposed as an Orchestrated Plot To Enforce Bug-Eating Agenda
Americans need to be prepared to eat a lot less beef, because the global elite have drastically culled the size of the national cattle herd in an effort to combat climate change and move people away from meat-eating diets.
While beef prices have been rising rapidly in recent years, most Americans are still unaware of the gravity of the current shortage, as they are still eating cattle that were slaughtered some time ago. Unfortunately, conditions are starting to get tight, and a lack of action may lead to dire consequences.
More Harbingers Are Being Seen As Second Rare Comet To Make Appearance
n tonight’s broadcast, we discuss three recent events that I believe foreshadow the “Days of Noah” as Jesus predicted in the Gospel of Matthew that are harbingers to those who have an understanding and discernment of the times and seasons in which we are in. The first discussion is the discovery of another “rare comet” that is dated back to the time of creation, which will be visible in the same year as the next major solar eclipse coming in 2024.
Keep your eye on Israel, because events of historic significance could happen soon
I would encourage all of us to watch Israel very carefully in the coming days, because I believe that we could soon see some incredible events take place. In particular, I am specifically watching for a couple of things.
Rumors of an imminent war between Israel and Iran are starting to reach a crescendo, and I am entirely convinced that such a conflict could potentially erupt this year. Also, I am closely watching for an announcement about the discovery of the Ark of the Covenant. Needless to say, such an announcement would be the greatest archaeological bombshell in history.
LOL! The only bank guaranteed by the USGov!
'Western backed Jihadists' - the phrase 'hoist by his own petard' comes to mind. We are governed by midwits and imbeciles, the corrupt and the degenerate.