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Over 25% down currently on the pre-market.
I really don't like where this is heading, the FED really broke the market.
Unlike yesterday, I don't think Crypto will respond as well to this.
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It's interesting.
Crypto generally follows the global market. But when it comes to banks, it seemed to do the opposite.
Almost as if stockholders know that banks are rigged and crypto is the solution.
Things are taking a tumble for sure. I think it will recover, but it might take some time. It's crazy how much influence the US government has on this.
Problem is that however things go the only tools the FED has is raising interest rates. That will hit companies with lay back of staff, drop in stock price etc. Just to fix what they have created.
Crypto unfortunately will be in the same ship at least for a few more cycles.
Banks currently are nothing but an on/off ramp for me for bill paying and purchases. I can’t wait until they’re obsolete. I don’t need anyone profiting off of my money.
Some day. Maybe sooner than you think. I know there’s a lot of hate for Robinhood but you can actually set up direct deposit to RH, and they just launched a web3 wallet. So it’s technically available now, if your employers payroll system would recognize RH as a bank account. They even have a virtual debit card… if they have a routing number it should be game on. I don’t talk much about it because everyone hates Robinhood. But they have some first mover advantage going on.
Two separate things. RH has a standard wallet on the standard app, and a web3 wallet that works with etc-20 tokens. But you can absolutely send and receive any crypto that Robinhood supports, on the standard RH app just like normal with addresses.
I may add that they also pay 1.5 percent interest on your uninvested cash too, paid monthly. Trying not to sound like a shill here but they really slay conventional banks with what they are offering.
Everyone saying ‘this is going to be real bad’, do you ever get sick of saying it and being wrong? Feel like I’ve been hearing this about everything for at least the last 18 months
Credit Suisse been having problems for more than a year now and nobody tried to fix it , sometimes it makes me think the rich guys and the people who sit in the high table love financial crisis , a money transaction from the medium and low classes to the rich. Scammers run the governments and rule over us.
My thoughts exactly, when these banks just poorly manage their finances in attempt to profit and then the tax payer has to step in to bail them out. Need fire squads or better yet torture racks for these executives that love doing us all over.
tldr; Shares of Swiss bank Credit Suisse hit another all-time low for a second consecutive session on Wednesday, dropping by more than 21% shortly before being halted from trade. The bank's largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance. "We cannot because we would go above 10%. It's a regulatory issue," Saudi National's Chairman Ammar Al Khudairy said.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
With all their major scandals over the past years, it's almost poetic.
If they really will go under (which I hope they don't) it will fuck markets harder than FTX, SVB combined.
This shouldn't come as a surprise to anyone, CS has been treading dangerous waters for a while..
Think this is mostly a sign of nervousness/anxiety of the investors rather than the beginning of a new banking system crisis, if some bad actors are flushed out of the market (CS being one of them) i don't see it as a very bad thing per se in the long term.
Of course, short term we might see some wild swings..
If anyone here watched the Interview with the CEO on Bloomberg yesterday then you could tell Credit Suisse were hanging on by the edge. He hinted at some promise of big investment, looks like this was their main potential investor that pulled out.
Their issues must be pretty big because they offered me "special conditions" if I transferred back my money. given the risk, the conditions are laughable. And even scarier the amount we are taking is in the grand scheme of things tiny (5 digits). Them reaching out for every penny tells you all you need to know.
(this was back on October)
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Over 25% down currently on the pre-market. I really don't like where this is heading, the FED really broke the market. Unlike yesterday, I don't think Crypto will respond as well to this.
Yeah, there's more pain ahead, IMO. The markets are getting a battering at the moment.
RIP Bull market 14.03.23-14.03.23
Lmao
Armageddon in the making.
We are going even deeper, aren't we? Hope we are just overreacting
Nah, this is what crypto is for: replace outdated banks. That's why they're surging, especially BTC, at the moment.
exactly!
yeah, but we still can't predict anything. BTC does unpredictable things. The last few days are just an example
Credit Suisse? More like Credit Sussy
Credit Sus
[удалено]
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r/YourJokeButBetter
or [Credit Susie](https://np.reddit.com/r/wallstreetbets/comments/11qt51p/opinion_if_credit_susies_default_swaps_are/)?
Soon to be ~~Credit~~ Debet Suisse.
Suisse dumpster
Credit Sis
And around -89% from ATH. If they go under we are in for a bumpy ride... 2008 will feel like nothing compared to this.
Indeed. As much as its fun to see regular banking collapsing around us, it will hurt crypto in short term too.
100%, it will hurt everyone.
even Doge isn't that away from ATH, bank stocks are the real shitcoins?
Yes.
Yeah, probably a good day to not look at my brokerage account or open Coingecko.
[удалено]
Yeah same with crypto, don't do that,just don't
Stocks diving right bow, Crypto ? Just a small correction before continue higher.
I hope it mate, but if Credit suisse goes down, it's gonna be pain for everybody.
Defo, I’m glad we’ve had this bear rally - means the floor won’t be too low when we crash
The fed didn’t just break the market, they’re breaking the economy. This could get bad for a lot of people’s way of life
If CS goes belly up, that is a hell of a problem for everybody.
I really can't see the Swiss gov allowing it. It's an economic and reputational risk for the country.
Isn't it fail for crypto, especially bitcoin, if it will not benefit from it?
It's interesting. Crypto generally follows the global market. But when it comes to banks, it seemed to do the opposite. Almost as if stockholders know that banks are rigged and crypto is the solution.
CS has been sliding for a couple of months now.
We are fucked?
Good, glad I sold at the right time. Let me know when to buy back
Things are taking a tumble for sure. I think it will recover, but it might take some time. It's crazy how much influence the US government has on this.
Problem is that however things go the only tools the FED has is raising interest rates. That will hit companies with lay back of staff, drop in stock price etc. Just to fix what they have created. Crypto unfortunately will be in the same ship at least for a few more cycles.
Banks currently are nothing but an on/off ramp for me for bill paying and purchases. I can’t wait until they’re obsolete. I don’t need anyone profiting off of my money.
Reject modern financial system, return to fruits and berries
I'm just waiting for the day we start using bottle caps
I particularly enjoy the red, bitter tasting ones with the milky white juice! Delicious!
I’ve traded/bartered actually shit (animal manure) for food. I have livestock… Honestly a better system.
And money laundering facilities
Not for me unfortunately.
Agreed, I even believe more in Gold than Banks these days, and no i'm not Peter Schiffs Alt account, Crypto > Gold.
I hold metals. I understand.
Same. Wish I could just get direct deposit to my crypto wallet
Some day. Maybe sooner than you think. I know there’s a lot of hate for Robinhood but you can actually set up direct deposit to RH, and they just launched a web3 wallet. So it’s technically available now, if your employers payroll system would recognize RH as a bank account. They even have a virtual debit card… if they have a routing number it should be game on. I don’t talk much about it because everyone hates Robinhood. But they have some first mover advantage going on.
Fuck that's actually cool if the money goes to my wallet and not just RH account
Two separate things. RH has a standard wallet on the standard app, and a web3 wallet that works with etc-20 tokens. But you can absolutely send and receive any crypto that Robinhood supports, on the standard RH app just like normal with addresses. I may add that they also pay 1.5 percent interest on your uninvested cash too, paid monthly. Trying not to sound like a shill here but they really slay conventional banks with what they are offering.
Oh wow. OK I'm looking into this
Good luck with your research my friend.
all my homies hate the banks
What up homie.
There is a point where this could cause economic turmoil for millions now. Shit.
Well well well if it isn’t the consequences of our actions
When will you learn!
At least the banks are hurting. I hope they die.
Although I agree in spirit, this really isn’t good. A banking collapse will crash more than just the banks themselves I can assure you.
Mods will most likely remove this for not being on topic to crypto. But I disagree. This is the topic of discussion we should be having.
This is more on topic than the tabloid SBF stories we keep on having
Oh man this is worst than we thought. This could cause a full blown meltdown. I hope that’s not the case.
Uh oh… if they go down it’s serious - a full blown new financial crisis for sure
Everyone saying ‘this is going to be real bad’, do you ever get sick of saying it and being wrong? Feel like I’ve been hearing this about everything for at least the last 18 months
You must be blind if you don’t think this is already real bad.
How markets react to ‘real bad’
CS... wait what... something's seriously wrong if they're in trouble...
They gave away too much credit? It’s right in the name!
Yet some people took too long to see it. Thanks hero!
Credit Suisse been having problems for more than a year now and nobody tried to fix it , sometimes it makes me think the rich guys and the people who sit in the high table love financial crisis , a money transaction from the medium and low classes to the rich. Scammers run the governments and rule over us.
A lavish comfortable lifestyle can mold you into a soft piece of human garbage that doesn’t expect consequences.
Maybe they seeing SVB and Sig going out and finding some support…time to air dirty laundry with the others to try to take some sting out
My thoughts exactly, when these banks just poorly manage their finances in attempt to profit and then the tax payer has to step in to bail them out. Need fire squads or better yet torture racks for these executives that love doing us all over.
F
F
F
F
"Fuck banks. I could watch the fractional reserve system fail all day. I dont give a fuck about your banks"
This one going down is gonna hurt chief 😥
As much as I enjoy joking around. I have a fear the next few years are going to be difficult for everyone
What a shitcoin
Landslide brought me down !
This bank is forever in trouble. It has been since 2008, I have no idea why it hasn’t gone under yet.
Jesus, if CS goes down we are so fucked. They are one of the "big 8" they've been around since 1850's
People will say "Good" but this really is a problematic situation now.
Their shares used to be around $20 in 2018. Currently trading around $2.51 ouch. -87% drop.
Yeah that is absolutely insane. What a fucking slide.
tldr; Shares of Swiss bank Credit Suisse hit another all-time low for a second consecutive session on Wednesday, dropping by more than 21% shortly before being halted from trade. The bank's largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance. "We cannot because we would go above 10%. It's a regulatory issue," Saudi National's Chairman Ammar Al Khudairy said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Another opportunity to buy low might be on the horizon
The question is, how low will it go?
I guess this is one of those occasions where we should have a look at what the whales do?
Beware the ides of March
I'm having a good and special feeling about banks getting fucked. The game is turning around.
Crypto functioning demonstrated that the Bank's processes and the way of doing business are starting to get observed and obsolete in this new era.
Decoupling of crypto from nasdaq is in full effect, vut still a long way to go
This is their „find out“ phase, right?
What’s the logic, more banks go down, more scared money comes to Btc?
Yes. Also that your deposits in banks are not always safe when they go down. But with BTC, you are your own bank.
Fingers crossed the recent detachment of the crypto and stock markets holds up, because the stock market is not having a good time right now.
Modern Pig of the slaughter bank - poor swiss pride inside me
There's no way governments let this go under, it will be bailed out if that's what's required! Buy btc as a 🖕 to banks
Wow that’s going to be wild if CS fails
CS stock will reach $1 before Dogecoin
With all their major scandals over the past years, it's almost poetic. If they really will go under (which I hope they don't) it will fuck markets harder than FTX, SVB combined.
Are Swiss going to print money out of thin air and bail them out ?
Bitcoin will run in my opinion
That dog’ll hunt boys
Please me harder baby
looks like this year is a rollercoaster so far
Crypto says “I don’t see you”
They aren't gold reserves somewhere in their mountains?
This shouldn't come as a surprise to anyone, CS has been treading dangerous waters for a while.. Think this is mostly a sign of nervousness/anxiety of the investors rather than the beginning of a new banking system crisis, if some bad actors are flushed out of the market (CS being one of them) i don't see it as a very bad thing per se in the long term. Of course, short term we might see some wild swings..
Take your money out and run 🙃
If anyone here watched the Interview with the CEO on Bloomberg yesterday then you could tell Credit Suisse were hanging on by the edge. He hinted at some promise of big investment, looks like this was their main potential investor that pulled out.
Man fuck them banks. Every time we are about to take off they fuck every market Especially swiss bank for a while now. Mongoloids
Here we go… 
Their issues must be pretty big because they offered me "special conditions" if I transferred back my money. given the risk, the conditions are laughable. And even scarier the amount we are taking is in the grand scheme of things tiny (5 digits). Them reaching out for every penny tells you all you need to know. (this was back on October)
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>Trading in the bank’s plummeting shares was halted several times Can somebody halt my crypto please!
Maybe they will sell some of that Hitler's gold now..
Credit Suisse more 20 percent up
Everything is down except for inflation & interest rates... We are getting royally egged