Discover and read the best of Twitter Threads about #DebitSuisse
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#AMC basher Credit Suisse reported Q1 financial results yesterday.
"CREDIT SUISSE REPORTED SIGNFICANT NET ASSET OUTFLOWS" of 61 Billion Swiss Francs (over 68.5B USD)
Reported a Pre-tax LOSS of 1.316 Billion! ($1,316,000,000) 👀
#BankingCrisis 🚀 #christalballexposures
"CREDIT SUISSE REPORTED SIGNFICANT NET ASSET OUTFLOWS" of 61 Billion Swiss Francs (over 68.5B USD)
Reported a Pre-tax LOSS of 1.316 Billion! ($1,316,000,000) 👀
#BankingCrisis 🚀 #christalballexposures
EVERYTHING YOU NEED TO KNOW ABOUT WHAT IS HAPPENING WITH #CreditSuisse
We could be facing one of the biggest economic crisis in recent decades, and the catalyst is Credit Suisse.
A thread👇🧵
We could be facing one of the biggest economic crisis in recent decades, and the catalyst is Credit Suisse.
A thread👇🧵
SHARES PRICE #CreditSuisse 📉
Its shares $CSGN & $CS have dropped 57% this year, setting a new low. Its shares on the New York Stock Exchange fell 4% in early trading.
$CSGN Market Cap: 10.44B
$CS Market Cap: 10.3B
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Its shares $CSGN & $CS have dropped 57% this year, setting a new low. Its shares on the New York Stock Exchange fell 4% in early trading.
$CSGN Market Cap: 10.44B
$CS Market Cap: 10.3B
1/6🧵
WHAT IS A CREDIT DEFAULT SWAP?
A credit default swap (CDS) is a financial swap agreement in which the seller agrees to compensate the buyer in the event of a debt default or other credit event.
2/6🧵
#Creditsuisse
A credit default swap (CDS) is a financial swap agreement in which the seller agrees to compensate the buyer in the event of a debt default or other credit event.
2/6🧵
#Creditsuisse
