Just missing the massive lips.
Banking Storm quietly simmering away.
Former top Credit Suisse shareholder sells full stake in bank
https://finance.yahoo.com/news/former-top-credit-suisse-shareholder-222648392.html
Terrifying 'debt trap' to trigger financial crash as interest rates shoot past 6%
The world is facing a "perfect storm" of high inflation, rising interest rates and recession, according to a Nobel-prize winning economist.
https://www.express.co.uk/finance/personalfinance/1743172/Dr-Doom-Nouriel-Roubini-inflation-stagflation-interest-rates-Fed-stock-market-crash
Credit Suisse Loses One of Its Biggest Backers
Herro says Harris Associates sold out over the past months
Harris Associates was top shareholder in bank for many years
https://www.bloomberg.com/news/articles/2023-03-06/top-shareholder-sold-out-of-credit-suisse-over-the-past-3-to-4-months?leadSource=uverify%20wall
Credit Suisse's Revenue Attrition Leads Us To Reduce Our FVE To CHF 2.90 per Share
The revenue attrition that Credit Suisse recently reported for the final quarter of 2022 was materially worse than what we anticipated. Its wealth management business lost 27% of assets under management, and it earned no revenue from security trading. We now expect Credit Suisse to remain loss-making until 2024. The unnecessarily complicated restructuring program adds execution risk. We believe that liquidity and solvency are adequate, but the margin for error has become thinner. We reduce our fair value estimate to CHF 2.90/share from CHF 4.50 previously.
https://www.morningstar.com/stocks/xnys/cs/quote
Meanwhile in China
PICTURED: Prominent executive, 55, who served in Clinton and Obama administrations killed on board jet during severe turbulence over New England
Dana J. Hyde was killed on a private jet after the plane hit severe turbulence
The plane was forced to make an emergency landing in Connecticut on Friday
The aircraft was owned by Kansas City-based internet provider Conexon
https://www.dailymail.co.uk/news/article-11827891/Exec-served-Clinton-Obama-administrations-killed-turbulence-jet-New-England.html