Why? Is there a reason to believe they don’t have the matching assets?
Bail-in would affect neither segregated assets such as funds nor privileged claims. I would certainly not want to hold a large amount of cash at CS but I’m not concerned about segregated assets.
The context of my reply is “if the bank goes bust”.
Latest news is pretty bad
I haven’t followed it, what are the latest news?
17 posts were merged into an existing topic: HardturmstrasseBets
CS delays its annual report. That’s all I"ve heard.
I should really learn to use puts. Seems fun.
Just saw by chance some headline in the NZZ that the US is putting its nose into CS, if I got that correctly…
On twitter they are making it as big deal…like the next one that is going to fail (after SVB)
Some people (insiders I guess) have made millions with SVB yesterday with puts
Edit for the “still quite an upside” phrasing: indeed, if you are willing to bear the risk.
For the previous “unlimited upside” phrasing:
Nah, unlimited downside but limited upside. A stock can not go lower than 0. You can increase your upside by using more leverage but that increases the downside too and is limited by the amount of leverage you can acquire.
That’s one of the reasons why going long is so much easier than shorting. Shorting requires timing along with more risk management while going long “only” requires not needing the money for the duration of the investment (which, granted, also requires risk management and luck).
Ummmh… 2.01 CHF a few minutes ago…
some interesting months ahead, i guess
…including the next few days. New bottom: 1.7275 CHF.
So the other bank would takeover the balance sheet? Good luck!
(By the way 1.68 CHF is the new low )
Price action is brutal. less than 1.60 now.
I feel bad for all the employees who have so many shares as part of the salary payout. Painful.
you were right another -30%
Only those with high salaries have shares as part of their salary payouts. Don’t feel bad for them.
Usually above directors