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Credit Suisse fails 🪦💐


StarstruckIllusion

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StarstruckIllusion

This is for my bankers who just lost somebody 🎶

 Last week, was SVB… now this? I wonder if they’re related. Summoning @Economy

 

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River

oh course sh-t happens after i move to switzerland :alsemanche: I'm a living jinx :air:

So sploosh your juice all over me you Riverboy
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LateToCult

Me watching all the people with hundreds of thousands of dollars in banks panic while I enjoy my Chipotle burrito I got for basically 50% off because I lied to DoorDash and told them my queso, fajita veggies, and corn salsa were missing.

9AA08C84-299D-43B0-B675-9928D631FA78.gif

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BBhomemaker
32 minutes ago, StarstruckIllusion said:

This is for my bankers who just lost somebody  

Spoiler

I read it as this

 

 

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Lona Delery
1 hour ago, River said:

oh course sh-t happens after i move to switzerland :alsemanche: I'm a living jinx :air:

theyve been struggling and a joke for years... so much to unpack there, the drama is unparalleled :air: 

Sometimes it feels like I've got a war in my mind, I wanna get off but I keep riding the ride
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Emvee
9 hours ago, LateToCult said:

Me watching all the people with hundreds of thousands of dollars in banks panic while I enjoy my Chipotle burrito I got for basically 50% off because I lied to DoorDash and told them my queso, fajita veggies, and corn salsa were missing.

9AA08C84-299D-43B0-B675-9928D631FA78.gif

So you got it for the regular price then :yennefer:

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StarstruckIllusion

Ou-

They need to calm down… they’re being too loud 

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LateToCult
6 hours ago, Emvee said:

So you got it for the regular price then :yennefer:

With the added convenience of staying inside all day in my underwear. :vegas:

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PunkTheFunk

a momen of silence 🤐 for this bank 🏦, it pass away 🥀. it have beautiful cucu 🍑 sitting here, for loans💄, insurance ☂️, deposits , and more 💯. for this bank 🏦, on behalf of Gagadaily  🌨️ 🌧️ ☀️, our condo 🏠 lo-senses 👃 👁️ 👂 👅

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Dennis

If you live in the U.S, unless you have more than 250K+ in the bank, you shouldn't honestly worry. Because your first 250K are always insured.

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LaLa
50 minutes ago, Dennis said:

If you live in the U.S, unless you have more than 250K+ in the bank, you shouldn't honestly worry. Because your first 250K are always insured.

I just recently learned that it's only $100,000 in Canada :bear:

And I was gonna be like, lol, not that that affects me either, but then I remembered my husbands RRSP :bear:

I'm not actually worried, we bank with a major bank and if it failed I can't imagine what else would be going on, but still, it's not something I'd literally ever considered before :bear:

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Economy
18 hours ago, StarstruckIllusion said:

This is for my bankers who just lost somebody 🎶

 Last week, was SVB… now this? I wonder if they’re related. Summoning @Economy

 

Some banks who did not anticipate such rapid rising rates took big losses as they structured borrowing at short term rates (which shot up) and lent at long term rates or invested in long term fixed income

 

I do know America's bank failure wasn't a typical bank tho. It was more exposed to the tech sector which has been the hardest hit so... A failure by a silicon valley bank does not necessarily mean the entire US banking system is repeating 2008 all over again... Plus the US banking system is slightly more regulated than before 2008

 

It is to be expected that in a time of financial and economic stress a few companies will fail even big ones. It may or may not speak to a trend coming. Guess we will have to wait and see :shrug:

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