Credit Suisse could soon become the next "Lehman Brothers" event

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Debit Suisse now?

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Credit Suisse, $CS, executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported.

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Credit Suisse is down for a record 13th straight session. Time for another MSM report mocking retail analysts for shorting it

 

 

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CREDIT SUISSE CUTS LIKELY TO INCLUDE MORE JOBS THAN PREVIOUSLY ANNOUNCED FOR FIRST WAVE -SOURCES CREDIT SUISSE CUTTING ABOUT 5% OF PRIVATE BANKING HEADCOUNT IN ITS WEALTH HUB OF HONG KONG -SOURCES

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In Sunday's trading session, Credit Suisse’s AT1 debt traded between 20 cents on the dollar to as high as 70 cents as the UBS deal was finalized. Then it got donut

 

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After the Credit Suisse takeunder, UBS will manage $5 trillion in AUM.

A few more bank failures and UBS will be almost as large as the Fed.

Swiss Central Bank will print up to $100 billion for UBS/CS merger. That's 12.5% of Switzerland's GDP.

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SWISS AUTHORITIES CONSIDER IMPOSING LOSSES ON CREDIT SUISSE BONDHOLDERS AS PART OF BANK'S RESCUE DEAL -SOURCES LOSSES ON BONDHOLDERS COULD NEED TO BE LARGER IF CREDIT SUISSE WAS WOUND DOWN RATHER THAN TAKEN OVER BY UBS -SOURCE

 

 

“We know that many of you will have been following the intense media coverage over the past 48 hours on the future of Credit Suisse and appreciate the enormous uncertainty and stress that this has caused” CS Chairman Lehmann and CEO Koerner said in a memo to employees