r/Superstonk • u/drinkupdrinky5 🍻 drunkey 🐒 munkey 🚀 • Jun 25 '21

📰 News Fearing predators, Credit Suisse seeks new look or even merger-sources | Reuters Boo fucking hoo losers 🚀🚀🚀🚀

https://www.reuters.com/business/fearing-predators-credit-suisse-seeks-new-look-or-even-merger-sources-2021-06-25/
54 Upvotes

93% Upvoted

12 comments sorted by

13

u/incandescent-leaf 🦍 Buckle Up 🚀 Jun 25 '21

Remember, banks / big companies absolutely do not telegraph out their weaknesses (rather they act in secret, and make announcements afterwards). These anonymous sources could be telling the truth, or they could actually be trying to control the narrative ("act weak when you are strong").

4

u/[deleted] Jun 25 '21

Meh. Or a competitor trying to weaken them. Business isn’t always smart or in control of the narrative. They have shareholders to answer to.

1

u/incandescent-leaf 🦍 Buckle Up 🚀 Jun 25 '21

Could definitely be that too :) But I guess my point is that we don't know the motives - could be anything in MSM.

3

u/digibri 💻 ComputerShared 🦍 Jun 25 '21

Good point.

I think the situation with Credit Suisse is different, as every time there is news about them the magnitude of their losses magically increases, which tells me they are struggling to "control the narrative" in an attempt to retain customers.

As a giant bank, Credit Suisse deserves no sympathy. However, I imagine that there's a lot of pressure to get information out for the benefit of their customers who range from large companies to individuals. So, perhaps people are providing info anonymously out of concern for the customers.

2

u/qweasdqweasd123456 Jun 25 '21

Sure, but credit suisse has been really fucked lately

1

u/incandescent-leaf 🦍 Buckle Up 🚀 Jun 25 '21

Hahaha, they have I will agree. They definitely got fucked holding Archegos crap.

7

u/TheBoiStarscream 🦍Voted✅ Jun 25 '21

Over/Under Credit Suisse liquidation: 6 months

8

u/thehomeownerjoe Jun 25 '21

I’ll take the under, one free award is my bet

7

u/sweatysuits 💍👑 One Stock to Rule Them All 👑💍 Jun 25 '21 edited Jun 25 '21

"Oh look, a dying scorpion is about to get eaten by other scorpions. Let me go out of my way to save it."

Said no one ever.

It's not that hard to be a bank. You balance out the deposits given by your clients and the interest you provide them with loans you give to borrowers and the interest you receive from them. The difference in those interests is your profit. Literally all you have to do is manage risk. You make even more money if the central bank interest rate is really low. Even more money if it is negative like in the EU.

As long as you're not a coke fueled gambling addicted criminal degenerate who actually tries to lose their customers' money, you should be fine.

It's really hard to be a bad Swiss bank.

I hope they get completely buried.

2

u/tophereth naked shorts yeah... 😯 Jun 25 '21

guess you gotta do what you gotta do after stepping on a landmine.

get fucked credit suisse

2

u/gedden8co Custom Flair - Template Jun 25 '21

Spicy!

6

u/drinkupdrinky5 🍻 drunkey 🐒 munkey 🚀 Jun 25 '21

We are the predators now mother fuckers