Post #1237043: Good Morning from Germany where Deutsche Bank fell…
Inscripció
Good Morning from Germany where Deutsche Bank fell >10% this week in fallout from SVB collapse. Silicon Valley Bank closed in 2nd biggest bank failure in US history, sending shock waves around world. Market is treating this as a potential contagion risk. DB put volume 5x normal.

Good Morning from Germany where Deutsche Bank fell >10% this week in fallout from SVB collapse. Silicon Valley Bank closed in 2nd biggest bank failure in US history, sending shock waves around world. Market is treating this as a potential contagion risk. DB put volume 5x normal.

Mar 11, 2023 10:41 AM |
Comentaris0

schuldensuehner
Zschaepitz Holger @schuldensuehner
Mostra tot
11Actualitzacions 0Seguidors 0Subscripció 2Àlbums 11Imatges 0Vídeos
👁 75 ♥ 0 ↻ 0 💬 0 🕒 2023-03-11 10:41 ▦ Pictures

Àlbums

Mostra tot
Pictures Pictures11

Mostra tot @schuldensuehner

Actualitzacions
One of the best bank deals of our time! First Citizens's shares jumped 54% after NCarolina lender took over SVB's $56.5bn in deposits as well as $72bn in loans at discount of $16.5bn. FDIC will help finance deal w/$35bn loan & $70bn credit line t Credit Suisse closed at 0.82 Swiss Francs, above the acquisition price of 0.76 Swiss Francs b/c UBS shares closed higher after initial losses, and Credit Suisse shareholders will get 1 UBS share for every 22.48 shares held under the deal. S&P cut UBS Outlook to negative; Ratings affirmed following Credit Suisse deal citing execution risk given CS' size, complexity, and risk profile. This is what the final deal looks like: UBS to buy Credit Suisse for CHF0.76 per share, or CHF3bn. Credit Suisse holders will get 1 UBS share for every 22.48 shares. UBS says Ralph Hampers will be CEO of combined bank. Complete write-down of nominal Credit Suisse Shares Open 62% Lower After UBS Takeover News. The cost of insuring UBS debt against default soared on Monday, following the bank’s takeover of rival Credit Suisse. UBS 5y CDS jumps.