The problem with Credit Suisse and banking sector.

[Darker45]

I think the best decision right now is to wait for what will happen next because it's pretty hard to predict where the market will move next.

What are we waiting? We're just in the first quarter of the year and there are already a considerable number of small and giant banks collapsing. There was Silvergate. There was Signature Bank. There was Silicon Valley Bank. There is Credit Suisse. There's First Republic that was just rescued from an impending collapse. There is also JPMorgan buying millions of stones. LOL! There's nothing to wait. Are we waiting for the alarms to sound off? Are we waiting for the actual bank run to happen so that we'll start making withdrawals? Man, there are trillions of deposits in the banks. How much does FDIC have? A hundred billion?

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[Gayong88]

About Credit Suisse and the banking sector of course caused a stir. Credit Suisse, as one of the largest banks in Europe, is facing several serious challenges affecting the European banking sector as a whole. Bank bonds and CDS took a hit, which is not good news for anyone, as this has international implications.

The current situation is very worrying. Delays in issuing annual reports and announcements of internal control weaknesses have so eroded confidence in banks that shareholders are hesitant to give away more money, and people have been withdrawing their funds from banks for the last three months.

This implies that more people are moving away from banks and investing in more stable assets, which increases bank risk and the best decision at this point is to wait and see how things unfold.

[GreenStox]

The weakness in internal control that Credit Suisse has identified is particularly worrying, as it suggests that there may be deeper problems within the bank that have yet to come to light. This uncertainty can lead to a loss of confidence among investors and customers, which can in turn cause a further decline in the bank's stock prices and financial stability.

[naikturun]

It's difficult to predict where the market will move next, but it's important for investors to keep a close eye on developments and make informed decisions based on the available information. Patience and a long-term perspective are often key when it comes to investing, particularly during times of uncertainty and volatility.

[johnyj]

In USA, I don't think there is any problem, just cash unbalance between small and large banks.

In digital era, money withdrew from small Bank A will end up in large Bank B, Bank A just need to borrow them back from Bank B to deal with cash shortage. And that is why JPM and other large banks who received those money are willing to help the small banks. Money does not go anywhere outside of the banking system. However, this is a good chance for large banks to wipe out competitors by refusing providing help

Credit Suisse's case is little bit more complicated, since they use Swiss Franc, could not get that help from other Swiss banks if the withdraw is in form of USD, they have to borrow money from withdraw destination bank, and when that is not feasible, they were wiped out

[Dewiana]

The financial crisis experienced by Credit Suisse is a clear indication of the failure of the banking system. This bank has been a living dead for many years because of issues like financial management, poor decision, and fines due to tax invasion scandals. The constant increase of interest rates reveals the emptiness of the bank which led to the withdrawal of funds by its customers. The banking system is not transparent and truthful. Even when it is clear that banks need help, they will keep giving customers false hope that everything is okay. Every day it is getting clearer that the solution to this banking mess is decentralization. It is too risky to put the financial destiny of millions of people in the hands of a few corrupt people.

When it was in 2014, it was tainted with the case of the American department of justice, Credit Suisse was found guilty of conspiring
to assist in terms of not paying taxes on its clients right away the Bank has reached agreement with the Department of Justice in January 2017, regarding the issue of residential mortgage-based securities.

At the moment, even though Credit Suisse has operated in more than 50 countries, so with the rapid development of technology, if a bank does not keep up with the times, the bank will go bankrupt.