5 ms·
Not a chance of a natural implosion. CS is one of a very small number of globally systemically important banks.
by esja 4y ago
Not a chance of a natural implosion. CS is one of a very small number of globally systemically important banks.
- gjvc 4y ago[flagged]
- neximo64 4y agoCS stopped being globally systemically important a decade ago. More and more so by selling off pieces of the bank the past few years
- tootie 4y agoThey've dropped in the rankings but still have over $1T AUM. Far bigger than SVB.
- Scoundreller 4y agoI think the AUM comparison is something everyone needs to be careful of. Vanguard has a lot of AUM from me (from my point of view anyway), but it’s (hopefully) 100% passed through to security issuing organizations. They only get to rake a fraction of a percent from me for their operations. Wayyyyy different than a bank with $billions in checking and savings accounts where they can do ??? with it.
- resource0x 4y agoWikipedia disagrees with you. CS is listed among 30 global systemically important banks. https://en.wikipedia.org/wiki/List_of_systemically_important_banks https://en.wikipedia.org/wiki/List_of_systemically_important...
- moffkalast 4y ago[flagged]
- esja 4y agoYou could always ask the Financial Stability Board: https://www.fsb.org/2022/11/2022-list-of-global-systemically-important-banks-g-sibs/ https://www.fsb.org/2022/11/2022-list-of-global-systemically...
- revscat 4y agoThey are more likely to speak the truth than some random cynic on HN.
- ramblerman 4y agoAs opposed to "that guy on the internet board said so" ?
- DiogenesKynikos 4y agoWikipedia is also "that guy on the internet board."
- ramblerman 4y agoLol, that's a very pessimistic take. 1. Wikipedia articles are generally not single author 2. they list sources for their important claims Such as in this case - The top 30 claim comes from the Financial Stability Board, which they linked to [1] [1] https://www.fsb.org/wp-content/uploads/P211122.pdf https://www.fsb.org/wp-content/uploads/P211122.pdf
- hn_throwaway_99 4y agoThanks for this. My biggest pet peeve is "Wikipedia is just some random dudes" given that it's so trivially easy to see where Wikipedia sources their info.
- ChainOfFools 4y agoWhere Wikipedia _says_ it gets its references from. You still have to double check that the links work, the content hasn't changed, and that the actual reference is referring to statements that actually agree with the argument or context ( to say nothing of the facts) in the corresponding wiki text. If there's ever a good use for an AI in Wikipedia it would be vetting citations for at least a first order correspondence with text indexing the citation and flagging things that seem to diverge beyond some threshold.
- esja 4y agoThey are a bit less important than they once were in terms of volume, but they are still massively interconnected with the rest of the system. There is zero chance they‘re just left to implode without governments and central banks stepping in.
- neximo64 4y agoThey'll just disappear and the pieces of it be sold off. They're not that interconnected anymore since they've been selling everything the past few years.
- IAmGraydon 4y ago>CS stopped being globally systemically important a decade ago. I don't know if you've looked at the market this morning, but it disagrees with you.
- david927 4y agoPrinceton University Professor of Economics Alan Blinder said literally the opposite on Bloomberg today.
- seydor 4y agoWe are all globally systemic. We are the world. We are the children