The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

@Peterl4290

Ай бұрын

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

@bobwright-90

Ай бұрын

A common oversight is that banks operate solely in the service of yield. Personally, I am hesitant to keep substantial sums of money in a bank. Instead, I opt to invest under the guidance of experts, reap the advantages, and diligently save for my retirement.

@larrypaul-cw9nk

Ай бұрын

That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?

@bobwright-90

Ай бұрын

There are many financial coaches who excel in their profession, but for the time being, I employ Vivian Carol Gioia because I adore her methods. You can make research and find out more.

@larrypaul-cw9nk

Ай бұрын

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you

And after 8 months this programme was aired, Credit Swiss has finally gone! Watching this again, how insightful it was!!

@Bat_Boy

Жыл бұрын

You read my thought bubble! 👍

@cedcol356

Жыл бұрын

Try reading Karl Marx for "insightful"

@andrewmckay9476

Жыл бұрын

How can journalists be waving red flags and yet!

@illberightback5015

Жыл бұрын

lol yea

@deependranetwork

Жыл бұрын

But ... no one of us taken short position on Suisse , or we would have been millionaires now 😱🙁😭🥺🥱

This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.

@rogerwheelers4322

10 ай бұрын

It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

@joshbarney114

10 ай бұрын

In the world of fina-nce, crisis are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 450k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.

@FabioOdelega876

10 ай бұрын

@@joshbarney114 I find this very intriguing. Can you suggest the name of your advisor? I could greatly benefit from some guidance.

@joshbarney114

10 ай бұрын

@@FabioOdelega876 "Colleen Janie Towe" is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@FabioOdelega876

10 ай бұрын

@@joshbarney114 Thank you for this tip , I must say, Colleen appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

Whose here after hearing this came to reality 8 months later? Crazy

@camerontubbs1

Жыл бұрын

This is actually insane

@Hal10034

Жыл бұрын

I wonder how much of their business was doing sleazy things for Russian oligarchs.

@jexter22

Жыл бұрын

Yes me I’m here after 8 months

Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

@berkrix4312

10 ай бұрын

Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

@theresahv

10 ай бұрын

It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

@DavidRiggs-dc7jk

10 ай бұрын

@@theresahv I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

@theresahv

10 ай бұрын

My advisor is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

@DavidRiggs-dc7jk

10 ай бұрын

@@theresahv Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.

I worked at CS this summer - my manager was an absolute corporate psychopath. I reported him, but the investigation was swept under the carpet. While he was on "leave" I worked with another team, which had no idea what they were doing, but were extremely resistant to fixing things. No wonder the ship is sinking.

@kirilmihaylov1934

Жыл бұрын

Let them sink in

@robertor.7319

Жыл бұрын

I also worked in CS a few years ago and had a great team and exemplary management. People I worked with deeply cared about quality and process. Your comment is superficial, you cannot judge an entire company of such size according to your very limited experience and visibility. It's obvious that not everybody is "good" or "bad", like everywhere in the world. Credit Suisse's top management made several big mistakes and now the company is going to pay for that. It will take a long time to recover, if ever. But those who will carry the most weight are the employees that probably did not deserve it. So I don't feel like commenting as Mr. Kiril Mihaylov did below with his shameful "let them sink", without thinking about all those who will lose their job.

@kirilmihaylov1934

Жыл бұрын

@@robertor.7319 CS is bilshit bank laundering money for narcocartels

@notbaltic280

Жыл бұрын

You didn't do well there then. Thing is if you think everyone around you are wrong the likelihood is that you're the problem.

@kirilmihaylov1934

Жыл бұрын

@@notbaltic280 no CS is the problem

CS in Japan in the aughts. The BOJ did surprise inspections of most of the banks. They were looking to punish banks for excessive jpy trading and were sanctioning banks for any compliance/regulatory exception no matter how small. The way they did the audit was the banks provided a floor map of the offices and the BOJ went through the rooms one by one, ticking them off as they went. So what CS did was they altered the floor map to leave out one room. Then they put all of their objectionable, non-compliant files in that room. They nearly got away with it but the BOJ noticed there was a locked door they never had been through. Just another example of their rogue behaviour …

@daviddelburgo2851

Жыл бұрын

DB in Japan in the Aughts. Same same, but different.

Axel lehmann , chairman , credit Suisse. The surname itself is enough to send shivers down the strongest spine 😂

@tillamook7446

Жыл бұрын

Not the same as Lehmann Brothers. Crooked bankers do not need any association to be crooked.

@FuzzCulture

Жыл бұрын

@@tillamook7446 ofcourse he has no association. Was just a joke on his name :)

@AdamWojszczyk

Жыл бұрын

And here we are. :)

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order

@robertlucas8288

Жыл бұрын

It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

@charlotteflair1043

Жыл бұрын

@@markgeorge8206 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

The teachings on this channel are always top notch so informative and easy to understand, it's very hard to find good content online these days

@bernddamian9519

Жыл бұрын

I agree with you on everything, these days finding a financial mentor is a tough challenge which is why I am happy and grateful to have been introduced to my mentor Larry Kent Nick by a friend. I made a lot of money in just two months working with him for just a small investment

@fosterwhales1027

Жыл бұрын

Who exactly is this Mr. Larry? what does he do? And how can I take advantage of him

@bernddamian9519

Жыл бұрын

He is a financial advisor and investor, he helps people to better understand the financial markets and he also does trading and investing on your behalf.

@bernddamian9519

Жыл бұрын

Getting in touch with him is very simple, just follow him on instagram

@bernddamian9519

Жыл бұрын

@ Larry Kent Nick Trading

I love when scammers loot the scammers. Most of the deposits of credit Suisse is corrupt money.

@kirilmihaylov1934

Жыл бұрын

Good one

@MeiinUK

Жыл бұрын

You are being fooled here.. dear man... This report is now written in 2022... But you need to learn history.. to know whether it was or was not a scam. Don't be fooled. I was watching another video about the Saudi Arabian Stock Exchanges.. and how much time it took them to stabilises.... 🤣😆... It is very fascinating. Never ever considered that for something to work, everybody has to pull in a certain way. Which... humanly speaking.. this is very very hard to do. lol.... Too many Chiefs.. and no Indians...

Credit Suisse is rapidly transforming into Debit Suisse.

@kirilmihaylov1934

Жыл бұрын

Old games

@gerhardvanderpoll7378

Жыл бұрын

🤪🤣🤣

This aged incredible lol.

This episode way back saved my money. When CS SP was going down I started to look into investing in CS. Came across this in the process. Never trust a dodgy management

Would FT please consider using chapter breaks in their videos so that we can rewatch certain portions more easily?

@jupiterjames4201

Жыл бұрын

Really? Were lucky they dont put this garbage behind a paywall - those greedy c**ts

Who’s here in 2023?🙋🏻‍♂️😂

@melontusk9660

Жыл бұрын

Credit Suisse isn't

Today you have the answer to your title. What a terrible outcome.Absolutely spectacular.

THIS VIDEO HAS AGED LIKE A FINE WINE.

I am really worried about the current bank crisis. If a bank as big as Credit Suisse could later fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

@lowcostfresh2266

Жыл бұрын

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

@TomD226

Жыл бұрын

@@lowcostfresh2266 This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.

@lowcostfresh2266

Жыл бұрын

@@TomD226 Having a counselor is essential for portfolio diversification. My advisor is Laurel Dell Sroufe who is easily searchable and has extensive knowledge of the financial markets.

@fadhshf

Жыл бұрын

The stock market is not going to recover or protect what you pay for stock any better than cash. With inflation, cash is falling in value vs cost of living. No company on the stock market is protected from risk bar the big non-tech stocks like the large consumer brands (which will also see a slowing demand and higher cost of production). Better to invest your cash under $250K so its protected by FDIC. US gilts at present are not going fall in value unless interest and inflation rates fall too fast.

And yet they've just recruited the Irish CEO of Ulster Bank as their EMEA Ops leader. She's known as a "shouter" - so no impulse control. This does not bode well ...

Gotta love managers bullshitting: "We have a 160 years history." Dude, you are a new hire among 50% new hires, looking for ticking time-bombs.

@fliu5282

Жыл бұрын

yeah once the most prestigious Inv Bank, now you go...

@fliu5282

Жыл бұрын

fuuuccckinnn

@fliu5282

Жыл бұрын

yourself

@fliu5282

Жыл бұрын

by having a Chinese Communist Party member

@fliu5282

Жыл бұрын

as the President & CEO...shockkkkin

Credit Suisse share price in 2000 CHF87.00 Credit Suisse share price in 2022 CHF5.11. Down 77% overall. Tells you all you need to know.

@colinburnside4569

Жыл бұрын

Yes it does Peter. A culture of miss management greed and lack of control. Not something that any large bank can deal with comfortably.

@julierogers1155

Жыл бұрын

Wow.

@idokwatcher2062

Жыл бұрын

Yes but all the upper management became filthy rich. That's what truly matters. Very happy for them.

@kirilmihaylov1934

Жыл бұрын

@@colinburnside4569 all major banks do it

@kirilmihaylov1934

Жыл бұрын

@@idokwatcher2062 yes like Boeing management

Lehamn Brothers, was 150 years old..before....the...Collapse...in..2008.....

On a much smaller scale, I am Swiss and used to be a client of CS. They have a policy of stalling on transferring your pension fund to another bank if it's in their best interests to do so. It took me three and a half months, endless calls, letters and visits to the bank to get my 3rd pillar investment fund transfered to my new bank, meaning losses of many thousands of swiss francs that I had invested with them for my retirement. It is an absolutely disgraceful institution and I hope the regulators nail them, fat chance of that happening though.

@kirilmihaylov1934

Жыл бұрын

All major banks will do such shady stuff

@markomak1

Жыл бұрын

@@kirilmihaylov1934 I think pension funds will be the main target of hedge funds and investment banks

@tarabhaipachas938

Жыл бұрын

Interestingly all the American News agencies are interested in European banks but certainly ignore their own mess, MS was bailed out all thanks to post WWII American influence in Japan, CITI is living on breather, Goldman is basically American central bank gets all insider information, also all the above are ones whose share prices have fallen by 20% in this year. They govern their markets, they make rules and their media is all after Swiss , German & British banks !! Makes things very fair for Americans!

@kirilmihaylov1934

Жыл бұрын

@UN KNOWN money makes the world go around

@KeithWhittingham

Жыл бұрын

Shame on you. As a Swiss then ZKB or Migros!

Who’s watching this video today? Quite predictive.

Who else is here after the news today?….

I have never worked for a more self-centered company. It will not change - just look at the salaries. More than 1300 senior manager have just one simple goal: stay as long as possible and get paid like nowhere else (1mio plus). No incentive to change the bank, just sit and earn.

@zombiekilla7463

Жыл бұрын

how is that not normal? here in germany local village banks managers want their million per year while charging 1,50 € per paper transfer from old grannies, raising account prices, the million has to be, below is inhumane

@marcr7583

Жыл бұрын

@@zombiekilla7463 in total Germany 492 bankers earned more than 1mio. per year. At Credit Suisse alone it's 1'438.

@c_marco

Жыл бұрын

Spot on

Anyone here after today's news????

@rongarcia2128

Жыл бұрын

Yep

If any normal person without a large amount of money behaves in this way they go to prison. Yet a rich banker gets "time from shareholders" to turn it around. Disgraceful.

@JCB576

Жыл бұрын

Well it dependes. If you are working for the company under the companys name you should not be held accountable if you make mistakes. However if the "mistakes" are illegal and you are responsible for them you personaly can be held accountable if you get sued.

@mentality-monster

Жыл бұрын

@@JCB576 Except we all know the banks write the laws through lobbying. Things that most people would consider criminal are perfectly 'legally' normal in the financial sector.

@RodrigoOliveira-tb7zf

Жыл бұрын

@@mentality-monster like what?

@asha8443

Жыл бұрын

You steal at a grocery store for $20 and you get jail time..yet bankers steal billions and nothing happens.

The bond holders who were wiped out obviously had plenty of warning to cash out.

After the whole Greensil issue, it's pretty obvious this bank is a joke when it comes to risk assessment.

@MayorSom

Жыл бұрын

Don’t say that!! 🙂➡️😬

There is one thing which is surprising. FT doesn't even let me read their articles, unless I pay for it, and here it has made a full fledged documentary and released it online, for free. Why ?

@Google_Does_Evil_Now

Жыл бұрын

They're trying to get money from those who will pay. I suppose based on their research they see that as the way for them. Others grow to become a huge online then make their money from large advertiser reach. KZread pays per view. I'm guessing they will use the information they have for the paper articles to create the videos. So the research work is shared, cost saving. To be honest I'd like to know what's going on in China financially because there are at least 6 large banks where customers are blocked from withdrawing their money. 6 Hong Kong stock market listed construction businesses have been removed from the Hong Kong listing for not publishing the results from 2021 50 large construction projects have customers cancelling their orders. 91% decrease in some China bonds. Imports into China are down, suggesting reduced demand. Xi Jinping has not been seen for weeks, since he last had a meeting in Hong Kong where he met someone who the next day tested positive for COVID. He even cancelled a meeting with Putin. It's China having a financial crisis? Where is Xi Jinping?

@David-ej1ps

Жыл бұрын

Good question...

@michaelr.landon1727

Жыл бұрын

@@Google_Does_Evil_Now KZread Ad Revenue is incredibly significant.

@kieranlancaster1910

Жыл бұрын

Advertising as well - if they publish an video on here, they’ll hope that you sign up to read their web articles too

@gugururufofocucu8023

Жыл бұрын

I for one will NEVER subscribe for a Murdoch product again until they allow users to cancel via their account page without being forced to submit to the hard-selling lying scumbags in their outsourced call-centers. Go with Bloomberg. Easy in easy out without being treated like a child who has ask permission to cancel their subscription. Besides all the best talent at FT has moved over to Bloomberg etc

Nice PR, strategy by new Credit Suisse president, to onboard FT and get them onboard. A good way to own your mistakes and then promise of a clean start.

The Swiss have had a problem admitting to fault for decades. It brands itself as an old European direct democracy yet women couldn't vote federally until 1971 and many cantons still penalize dual-income families. Forced child labour (Verdingkinder) was a thing until the 1960s, including hundreds of gypsy children forcibly removed by the police from their families to work on farms, no official apology until 2013. The first known racial eugenics case originated from Switzerland in 1883 and gypsies and "mentally deficient" people continued to be systematically forcibly sterilized by the state until the 1970s, well beyond the end of WWII. We don't hear about these stories when we think of Switzerland, do we?

@PlanetFrosty

Жыл бұрын

No, we don’t hear about them.

@hashtagunderscore3173

Жыл бұрын

Don’t forget that fiasco involving FIFA.

@anonymous.youtuber

Жыл бұрын

Smells like fascism.

@ninanina4324

Жыл бұрын

Oh wow, Switzerland bashing! Look at the faults of your own country before you criticize Switzerland.

@uschurch

Жыл бұрын

@@ninanina4324 I'm Swiss and people like you are the problem.

Listening to the first few seconds of this, I had to check if the date it was posted was 2008... Clearly the lack of consequences for those responsible for the last recession, means bankers have learned nothing.

@abdulazizsaleh8650

Жыл бұрын

Exactly 💯

@janetpelletier1238

Жыл бұрын

Why learn if you don't have to? They've always been "change the rules of the game" kinda people. They just change the rules to work for them not society.

@Akas410

Жыл бұрын

Watch the whole video it clearly says that Credit Suisse in particular did not change post 2008 crisis.

@kloschuessel773

Жыл бұрын

A few things… 1. how where they responsible for the recession? Thing was a little bit more complex and it was the beginning recession/rising interest rates that pricked the housing bubble and then lead to banking troubles 2. bankers and banks respond to incentives set and play the system Everyone does that

@aakeelr

Жыл бұрын

Same I checked date if it was 2008.

Amazing how nefarious these bankers have become yet no one faces punishment..smh

Isn't it ironical that the chairman is named Axel Lehman?

Frankly the Swiss brought in non Swiss and things went down hill. Surprise surprise.

I am not very educated in these sort of things. I do really like the way the video is presented, no drama, just facts.

I used to work in credit Suisse as a contractor in private banking arm as I want to know if this is the right industry for me. Saw and heard a lot of undesirable conversations on the floor where the private bankers talk to their clients and worse among themselves ( the bankers are just glamourised hooligans using guns and bullets peppered in their convo. ) this was in 2009. I fled the co and finally see what I already trust how bad this bank is in 2022. Frankly credit suisse really should fold up instead of continuing its existence.

@R.E.A.L.I.T.Y

Жыл бұрын

then youll love this one too kzread.info/dash/bejne/oKST286vk5vAmps.html

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,

@viviangall1786

Жыл бұрын

I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.

@bobbygunz9254

Жыл бұрын

@@viviangall1786 I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well

@LuisVargas-ih5vm

Жыл бұрын

@@bobbygunz9254 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.

@LuisVargas-ih5vm

Жыл бұрын

@Jeremy Walker sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.

@LuisVargas-ih5vm

Жыл бұрын

@Jeremy Walker okay thanks for clearing that up, already went through her web-profile and it seemed pretty tight which is why I was worried her fees will cost a ton haha. thanks a bunch for sharing

To be honest, in the end it felt like a hit piece rather than an independent journalism. For the first 19 minutes they cover every scandal of recent years and then criticize the bank for not retaining their "talent" with ridiculous incentives. Clearly, that "top talent" was responsible for these scandals in the first place so the responsible thing for a bank is to get rid of them. Why would you criticize it if you don't want to simply paint a portrait of the bank as being a complete disaster? It almost feels like all the people interviewed shorted Credit Suisse and are trying to erode any confidence in the bank.

Imagine firing a superstar CEO who turned one of the biggest banks in England from Zero to Hero because he attended a sports final ultimately paying millions. For me the story doesn't smell right, he probably wanted to change a lot of things in credit suisse that left a lot of people very uncomfortable.

They don't say much about the individuals actually making those high risk positions. Only very high level of managers not keeping an eye on things properly. Where do those dealers/fund managers come from? Are they the cowboys that relocated from London? London and the UK have the biggest money laundering facilities in the world. Gibraltar, Cayman Islands, Guernsey, Jersey, British Virgin Islands, Bahamas ....... need I go on?

@sdfswords

Жыл бұрын

All true dat, England was an economy built by pirates, still is!

@analogGigabyte

Жыл бұрын

Well said

@DrJohnnyJ

Жыл бұрын

The US has them beat but keeps it even quieter: Delaware corporation.

If credit suisse has been ignoring a thing called 'risk management', they are not about to start now.

@draganstankovic2438

Жыл бұрын

I've heard that main risk manager at TFX is ex CS risk manager. It's really bad when an clearly under intelligent person thinks that they've figured out the life.

you know, if any of these crooks ever went to prison, I bet the system would "reform" really quickly.

@moosesnWoop

Жыл бұрын

too rich for that

This documentary only serves to confirm that wise old adage "never believe anything until it is officially denied". Turning to Deutsche Bank, this was once a solid, reliable and conservatively run bank. Things went wrong when it decided to embrace the Wall Street and City of London culture of casino investment banking.

Nothing new here. Just another day where a scammer gets hit. This goes on to reiterate the "Cash is thrash" cliché. I only feel for those who have their money with them. It's going to be a long long night for them.

@trishawallor

Жыл бұрын

Like they had much of an option. Besides these bank, and the traditional gold, is there any other easy way to safely hold your funds and possibly make a little profit while at it?

@winstonwawrzyniak3925

Жыл бұрын

facts only

@thesportsguruu

Жыл бұрын

@@trishawallor There are literally a lot of options out there. Stocks happen to be one, only downside is you have be real careful about where you put your money or better still, get the services of a pro (that way, you give little room for error). Made my first million earlier this year this way. Good luck!

@queenofkatwe3990

Жыл бұрын

@@thesportsguruu Very sound and pragmatic. I have been into this for long and though I won't say I have lost a fortune, but I have squandered quite a lot. If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...

@thesportsguruu

Жыл бұрын

@@queenofkatwe3990 Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Leah Sandock Marie". Was in the news a lot in 2018. You can check her out online for more.

This is why Iceland is my favorite country. They jail their bankers :-D

24:32 more prescient words were never spoken. 16th March 2023 their stock is down 30% and will require taxpayer money to be bailed out. but the swiss are rich so i guess they don't care their money is being used, even for such frivolity.

Echoes of Enron.....kept hanging on for years with reboots and fresh starts but the rot was terminal.....then broader market stresses pushed it into the grave it had dug for itself.

@thomasgood3472

Жыл бұрын

That case was even worse.

@deborahcurtis1385

Жыл бұрын

I'm not a paranoid gold bug but you have to ask yourself if we are going to see more institutions fail and what is going to stop it this time if governments are maxed out.

Anyone else here after the death of Credit Suisse?

Awesome and very gripping documentary. Nice video. Keep up the good work.

Risk Taking was rewarded. Risk for the clients, reward for the banks/wealth managers. Let that sink in!

Lol. They hired someone called Lehmann.

Softbank is the Credit Suisse of venture capital. Jesus. It's like they only make bad investments.

@HKim0072

Жыл бұрын

Son has been boom and bust. 2nd time around. They’ve made a ton of good investments though.

@PlanetFrosty

Жыл бұрын

Do bad investments of SoftBank cover up dirty money?

@Avantime

Жыл бұрын

@@HKim0072 Son was a one-hit wonder with Alibaba. Now even Alibaba is sinking fast, along with Son's other investments. ARM's listing might turn into another bust.

Looking at this video from 2 months where Credit Suisse is now on the verge of collapse, it’s hilarious.

This even more painful to watch today

This video aged very well 👌

My only question when something like this happens is how do you lose 160billion?, where does is it all go? All of these suits can talk all day but how is someone allowed to 'lose' all that money?

@chrisjlee2013

Жыл бұрын

If you watched the video, they mentioned that CS gave all those loses to their client’s pool of investments. So it’s considered “part of the risk”, and there’s nothing the clients can do about it. Or probably aren’t even aware of it. Since having drawdowns are a part of investing.

The name Credit Swiss is the poster child of where not to park your money.

This is the banality of evil, the status quo of the global banking industry. You would find these same failings and much more if only you could truly scrutinize these evasively opaque institutions.

@thinking6307

Жыл бұрын

neither a borrower nor a lender be....Daniel Garrahan

@kirilmihaylov1934

Жыл бұрын

@@thinking6307 it is not that simple

@cooltrades7469

Жыл бұрын

So , don't use a bank...simple...don't borrow . don't that, etc.

@R.E.A.L.I.T.Y

Жыл бұрын

if only? kzread.info/dash/bejne/oKST286vk5vAmps.html

While that clock ticks, I’ll be adding positions to Credit Suisse. Never let a crisis go to waste.

I work for a Swiss bank and I hate the fact that more and more former CS people join our company. It will not end well for us. They have already effed up our corporate culture. A question of time before they eff up our balance sheet as well.

@varun3402

Жыл бұрын

Relax. UBS and CS have always had employees crossing over.😁

Bottom line: the sanctions against the Russian Oligarch Mafia have hurt them badly.

I am watching this again in March, 2023.

Credit Suisse is the Wells Fargo of Europe

great documentary

the longer i live the more i feel there is so much corruption. this is why capitalism isnt perfect

@ninanina4324

Жыл бұрын

Especially regarding in relation to the last two years in the so called "health" sector. Highly corrupted...

And yes, I’m here because of all the recent events!!

Thank you FT for your important journalism!

What a coverage! Amzingly put. Well done, FT!

Incredible!! Good point made at 4:00 by Natasha Harrison. Impressive integration of the clock mechanism throughout the video.

@3:49-3:52 daaaaaaaaaaaaaaamn!! Definitely not Swiss. Most likely a tourist staying over for the summer, if you know what I mean. 😍😍😍

You give little blame to Urs Rohner, chairman for +10, vice-chairman for 2 and head of legal/compliance for 5 years. He didn't have any vision, sense of business and performed even poorly in the area of his expertise. Unfortunately he's a smooth talker and excellent networker, which kept him in power for far too long.

@bulz89

Жыл бұрын

Not to mention how he enabled insane bonuses for the C-suite during Tidjane's time.

Wow.. so everyone already knew that? They just waited for it to happen.

Why on earth are they allowed to carry on trading as a bank, close it as a warning to the banking sector that they will close you down.

NYSE ADR USD 79.29 in 2007 to USD 5.36 (an all time low) with high volume as of July 13 2022.

5:54 no, this is Swiss banking culture. I’ve seen other top executives/whistle blowers from other banks make that same statement, people following them, watching them/spying

@Antekdzi1

Жыл бұрын

Exactly the amount of people that think this is limited to this bank are kidding themselves. Swiss culture is based on screwing the world to make money. Pure scum

Brilliant piece this. So professional in its editing, content etc. FT - the finest. Bravo.

Today is March 14th, 2023, and Credit Suisse has hit an all-time low stock price. The collapse has just started with the first 3 banks closing in the last week. *SPOILER* It was not the bottom

@TheNewsBadger

Жыл бұрын

Update Monday, March 20th, 2023: UBS has bought Credit Suisse and applied a band-aid to the bleeding.

thank you urs rohner, tt, lara warner and the 2000 mdrs for their big contribution

Financials scandals just won't be the same without credit suisse 😢

Axel( Lehmann.) .... What could possibly go wrong!!!!

The so callled International highly repuatable bank is just deguised to dupe investors and making money from trasaction , But the bank didn't have proper structure to control risky venture/investment

Everyone is doing it in banking except that CS is very unlucky to be caught too often. Let private banking return to its plain, boring roots. Investment banking should be greatly curtailed because excessive risk taking in this area is creating one crisis after another.

This video is gonna age well

The very top level management are going the right way but risk and compliance needs to be embedded in every day in every way. And that takes breaking up the mini empires running in CS. It may take a mass firing to get rid of those people.

As long as they stay in their history, it repeats itself!

Thank you for the subtitles.

🌹🌹🌹 Don’t let them get you down Percy

Powerful wealthy people experiencing being lied to 😂😂😂😂😂 Welcome to the club of the rest of us. 😂😂😂😂😂

China just came out with a better tone toward their tech industry and markets. Assuming that geo political events do not get worse between the USA vs China. I am making a Long term asset accumulation bet on BABA

@anthonymilner1088

Жыл бұрын

Yep, good Talk. 2022 will be a rollercoaster for sure. Stocks valuations are at an all time high while at the same time we have the threat of inflation, rising interest rates and supply chain and productivity issues to deal with. Something is going to have to give. I think it will be the Markets that will have to correct. How much and when - who knows. Sanity hasn't prevailed in this bear market and I suspect it wont prevail in a correction/crash.

@philipcooper1636

Жыл бұрын

@Joseph Robert Romero The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look up, lucky i stumbled on this thread.

@fatalityin1

Жыл бұрын

Investing in Alibaba would be more than recless at the moment, when China freezes foreign stock withdrawals, banks refusing to cash out its local people, tanks and APCs protecting even municipal banks and people protesting at bank buidings to get their money. Of course you can invest, you do you, but you won't see any money or returns in the next two years since China already froze all foreign money leaving their country

@thomasgood3472

Жыл бұрын

@@fatalityin1 Fully agree. Current country is Russia. Foreign assets (stocks etc.) are blocked.

@fatalityin1

Жыл бұрын

@@thomasgood3472 I am no monetary adviser in any regard, but you are in my opinion correct. Russia tries to annex Kherson between the first of September and the 11th of September (I don't need to tell anyone why that date may be important for Russia), but Russia already lost, even China had to abandon them. During September their stocks are going to be the lowest, if Putin does not decide to make it an all out war about what country is going to survive, but I don't think of Putin as maniac who would destroy all of Russia (this is the point I am not so sure about). But after Russia admitted their defeat the west is going to start new trade routes with Russia, because Russia as country has access to some few rare elements nobody else in the world can provide.

Good Job well done - it's the worst bank and a shame for the Swiss financial marketplace. If this would happen in any other business or industry, they would go to jail. thx for good reporting

Coming back to this as CS is about to crap the bed.

This aged very well. Crédit Suisse is being bought by UBS right now.

@melontusk9660

Жыл бұрын

They are being bought for negative 7 billion. I am worth more than Credit Suisse!

this aged well

I suggest retail individual businesses should give banks share in capital just like mortgages are issued.

absolutely this is a wonderful video. thumbs up !.,.,.,

After the 9/11 attacks in 2001, Credit Suisse built a big IT center in Raleigh, NC to decentralize itself from having all its US operation being in the NYC area. It was a major employer in Raleigh. I did not work there. In the 2020 pandemic recession, I looked back at Credit Suisse to see if they were hiring. They had a few jobs but not much of interest. I looked elsewhere. I was not aware of their corporate demise. Wow.

@Bingpot_Cowabunga

Жыл бұрын

have you thought about writing a book documenting this fascianting experience? so glad you shared it with us all, incredible insight.

@Skipbo000

Жыл бұрын

@@Bingpot_Cowabunga lol