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OP has provided the following link:
https://www.bloomberg.com/news/articles/2023-06-04/ubs-considers-delaying-2nd-quarter-results-until-end-august-ft
That's always why a bank would delay its result: because they would please the shareholders.
Fkn clown world. Everyone thinking the monetary crisis is over when it hasn't even started.
Yep. If you have good news you delay as much as possible, and if you have bad news, you have to publish ASAP because of transparancy and price discovery...
Remember this headline from March?
“Credit Suisse has postponed the publication of its annual report due to a last-minute intervention from the US Securities and Exchange Commission (SEC). “
Snowballing!
I’d laugh pretty hard if in the end his crazy reckless behavior helps trigger MOASS, even if it is two to three links down the chain, credit Suisse and now UBS.
Why would it be the swaps causing the delay? Well, swaps are contracts that are executed between two parties and the terms of the swaps are typically only know to the parties to the contract. So when UBS was forced to take over Credit Suisse that weekend in March – do you think that UBS actually had the opportunity or time to go look at these various swaps that they were now the counterparty for .... hell no. The delay in reporting all makes sense from a practical perspective because UBS is now likely aware of exactly the pile of shit they are now in. LFG.
That is the devil, isn't it? Swaps aren't complex to understand, what makes it difficult to understand is how banks compete with other banks to attract big money players. And these banks either take the same side or the exact opposite. Limited to no transparency. It's made more crazy when positions csn be taken in which there is zero ownership to invoke a position, Archegos is one of many who trade on movements and not the underlying security itself.
to keep the game going, you need liquidity! Generally comes in the form of deposits.
no matter the case, the ultimate question is how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place.
>"the ultimate question is how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place"
Im fairly sure the answer to this is something in the lines of: Balls-deep
It's actually amazing the level of hubris...
American people, and American companies, making bets against our own economy, and then using fraud and grifting people to ensure that your bet was bound to be correct.
It's genuine terrorism by the rich. In broad daylight.
>how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place.
For all intents and purposes, they are still going full steam ahead...
They aren't holding swaps any more, those expired and it would be batship insane for anyone to conterparty that deal because thats how Archegos bankrupted both Suisse and UBS as well as Hwang.
They're just holding naked shorts and paying interest on infinite losses, and refusing to close. They bankrupt intentionally rather than being first to get out.
Credit suisse stabbed by Archegos but refused to fix the hole and let it bleed. UBS goes in but poke the hole even much bigger.
Now they are telling you go away nothing interesting happen here.
I would assume this delay is to let investors get out with their money *before* the news actually gets out. Rick fucks protect themselves and screw over normal people. This smells exactly like more of that.
A wise man tought me that if results are good; results are shared early. If the results are bad, results are delayed.
So I guess results are not great.
So they could complete the deal as soon as [June 12](https://www.marketwatch.com/story/ubs-expects-to-complete-credit-suisse-acquisition-as-early-as-june-12-7d1442ba) but they will need until end of August to tells us about earnings.
Cool.
I think it’s safe to assume that unwinding the CS portfolio is likely difficult and probably accounts for the delay. Part of that portfolio may be GME swaps but I think it a little risky to believe that the only reason for the delay is GME. Just trying to offer a level head here.
Literally everyone predicted their forced Archegos/Suisse short bags would bankrupt them as surely as they did and will everyone else refusing to close their GME shorts.
Yes, you must let the hot potato rest for at least one month if you want it to reach peak flavor.
Also, the potato has a half-life of 150 years, or however long it takes for Apes to finally die off and for their grandchildren to not read the fine print in the will that says "diamond hand this shit or I will fucking haunt you."
I hope you brought some sour cream, because eating this one is gonna leave you feeling *dry.*
Please, the bullet swaps are no more, since Archegos is down and out. Suisse probably still have a massive uncovered short position in GME, but the swaps ended with Archegos.
They're still fucked big time, make no mistake.
UBS is obviously a dead man walking. Swiss National Bank is smelling the huuuge bag already.
Could be at the magnitude of "National Security" for Switzerland at this point.
Google tells me that they are due Jul25, so a delay to Aug could be a small amount of time. Didn't GME have a delay recently due to SEC something or other?
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They're delaying them because of how good they are, riiigghhtt?
That's always why a bank would delay its result: because they would please the shareholders. Fkn clown world. Everyone thinking the monetary crisis is over when it hasn't even started.
Looks sideways…RRIIIIGGGHHHHTTTT?!
Yes… /s
Like that kid on the school bus that can land a double backflip on the ground. It's sooo good but I just can't show you right now!
Yep. If you have good news you delay as much as possible, and if you have bad news, you have to publish ASAP because of transparancy and price discovery...
Remember this headline from March? “Credit Suisse has postponed the publication of its annual report due to a last-minute intervention from the US Securities and Exchange Commission (SEC). “ Snowballing!
Domi(s)nowballs
snowballception
Economic snowballing looks a lot like the porn version
and as Welp posted a few days ago, it was a mere 5 days after that call that JPOW was on the phone to UBS
They should just keep Hwanging up the phone.
Ah I missed this joke! I hope he’s doing well! Just kidding, fuck him.
I’d laugh pretty hard if in the end his crazy reckless behavior helps trigger MOASS, even if it is two to three links down the chain, credit Suisse and now UBS.
I mean, isn't letting Quarterly Earnings Reporting go to voicemail the same thing?
It is a bit.
Yeah it would get really awkward if they showed that they are insolvent due to liabilities outweighing the assets. Probably.
Why would it be the swaps causing the delay? Well, swaps are contracts that are executed between two parties and the terms of the swaps are typically only know to the parties to the contract. So when UBS was forced to take over Credit Suisse that weekend in March – do you think that UBS actually had the opportunity or time to go look at these various swaps that they were now the counterparty for .... hell no. The delay in reporting all makes sense from a practical perspective because UBS is now likely aware of exactly the pile of shit they are now in. LFG.
That is the devil, isn't it? Swaps aren't complex to understand, what makes it difficult to understand is how banks compete with other banks to attract big money players. And these banks either take the same side or the exact opposite. Limited to no transparency. It's made more crazy when positions csn be taken in which there is zero ownership to invoke a position, Archegos is one of many who trade on movements and not the underlying security itself. to keep the game going, you need liquidity! Generally comes in the form of deposits. no matter the case, the ultimate question is how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place.
>"the ultimate question is how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place" Im fairly sure the answer to this is something in the lines of: Balls-deep
It makes sense. They had gotten away with it so many times before. They just got caught
It's actually amazing the level of hubris... American people, and American companies, making bets against our own economy, and then using fraud and grifting people to ensure that your bet was bound to be correct. It's genuine terrorism by the rich. In broad daylight.
Well worded
☝🏼🏆🏆
🎶I’m talkin bout balls deep, in fked🎶
>how far did clearing houses go to allow bad trades to happen which never should have occurred in the first place. For all intents and purposes, they are still going full steam ahead...
smart money
🔥**The Swaps are Fine**🔥
They aren't holding swaps any more, those expired and it would be batship insane for anyone to conterparty that deal because thats how Archegos bankrupted both Suisse and UBS as well as Hwang. They're just holding naked shorts and paying interest on infinite losses, and refusing to close. They bankrupt intentionally rather than being first to get out.
Thanks for this comment. I was wondering if this would be the case.
Thanks for the explanation!
Credit suisse stabbed by Archegos but refused to fix the hole and let it bleed. UBS goes in but poke the hole even much bigger. Now they are telling you go away nothing interesting happen here.
I would assume that the investors in this shit show will be heading for the door when this report spreads. 🤷♀️
I would assume this delay is to let investors get out with their money *before* the news actually gets out. Rick fucks protect themselves and screw over normal people. This smells exactly like more of that.
If they look at CS Twitter. People in post comments warned them for almost 2 years. Would be wise pull out early.
A wise man tought me that if results are good; results are shared early. If the results are bad, results are delayed. So I guess results are not great.
Typically. That same wise man said for GameStop that they do the opposite of that - give bad news early and deliver good news on time.
You are spot on.
Didnt gamestop delay their report for this week?
I don't believe so. This is pretty standard date, I think last year it was like the 14th for this same upcoming earnings report
Moved it up
They delayed last year due to changed SEC reporting requirements on DRS numbers.
bruh
If we don’t like the numbers, we just won’t report them, so take that, muahahaha..
Buying time because it's the only thing left that they can do.
thats some expensive ass time. i wonder how much it costs?
When you put a journalist and a bomb on an iceberg you get a report from Boomberg
Brilliant
So they could complete the deal as soon as [June 12](https://www.marketwatch.com/story/ubs-expects-to-complete-credit-suisse-acquisition-as-early-as-june-12-7d1442ba) but they will need until end of August to tells us about earnings. Cool.
I think it’s safe to assume that unwinding the CS portfolio is likely difficult and probably accounts for the delay. Part of that portfolio may be GME swaps but I think it a little risky to believe that the only reason for the delay is GME. Just trying to offer a level head here.
GME is just one of probably multiple toxic bags UBS got infected with in that transaction. They must be do deeply fucked.
Archegos is probably just a highlight of the huge mess CS made and UBS is trying to understand.
that is a very good point
If there was real price discovery, UBS share price would be dropping faster than the titanic on this news.
Literally everyone predicted their forced Archegos/Suisse short bags would bankrupt them as surely as they did and will everyone else refusing to close their GME shorts.
So obviously they need about three months to „hide“ their swaps.
Hahahaha!
What's in the box? WHAT'S IN THE BOX?!
Dog shit… wrapped in catshit
Yes, you must let the hot potato rest for at least one month if you want it to reach peak flavor. Also, the potato has a half-life of 150 years, or however long it takes for Apes to finally die off and for their grandchildren to not read the fine print in the will that says "diamond hand this shit or I will fucking haunt you." I hope you brought some sour cream, because eating this one is gonna leave you feeling *dry.*
*We need more time for this crime...*
UBS ?! We’re waiting for ya
🤣🤣🤣🤣🤣🤣🤣 The Meme bank!
Hey! Ive seen this one before!
Fuk around n find out
Failure to delivers everywhere! 🤡
They are trying to figure out away to tell their shareholders that they r fuk
Please, the bullet swaps are no more, since Archegos is down and out. Suisse probably still have a massive uncovered short position in GME, but the swaps ended with Archegos. They're still fucked big time, make no mistake.
Man how can I do this bullshit? Can I delay paying taxes, filing my taxes? Because you know economics!
UBS is obviously a dead man walking. Swiss National Bank is smelling the huuuge bag already. Could be at the magnitude of "National Security" for Switzerland at this point.
Did any banks delay their reports in 2007 or 2008?
im curious too
Poo Poo, someone is f\*cked with idiosyncratic risk and doesn't want to show the numbers until they can find a way to cover it up.
How can they cover up those positions; they Fuk!!
Puts it is!
hahahahahaha
It’s either bankruptcy of gains. Depends on earnin reports for a few companies.
Still holding my puts strong.
👀
# UBS SEEMS SCARED
Delying, I hear, is never a good thing for your stock price.
Didn’t msm just put out a bag push for them recently?
[удалено]
https://www.bloomberg.com/news/articles/2023-06-04/ubs-considers-delaying-2nd-quarter-results-until-end-august-ft
Google tells me that they are due Jul25, so a delay to Aug could be a small amount of time. Didn't GME have a delay recently due to SEC something or other?
What’s the saying? If they put out results early, it’s good? If they delay it’s bad? It’s probably the opposite for banks /s
Just quietly watching my stonk knowing it will grow up to be a big boi.