Barclays Share Discussion Threads

[coxsmn] 19/3/2023 19:48

HSBA paid $1 for SVB UK and they believe it is worth closer to £1.4Bn.

[zaxarobal] 19/3/2023 19:38

Bazooka Time

[bonio100000] 19/3/2023 19:10

Yes - it's great news isn't it?

Only $11,500 odd for every Swiss citizen - so far.

I wouldn't touch the banking sector.

[zaxarobal] 19/3/2023 19:05

Now that we have a deal for Credit Suisse, we can turn out attention to that other problem, regional banks.* Do we expect an announcement, before Asia opens in five hours, of an unlimited deposit guarantee?* Do we expect an announcement, before Asia opens in five hours, of Buffett investing some of his $128 billion in cash into a bunch of regional banks?

[reidy66] 19/3/2023 19:00

UBS deal confirmed

[bonio100000] 19/3/2023 17:41

*UBS GROUP CREDIT SWAPS JUMP 40 BPS ON CREDIT SUISSE DEAL NEWS

[tomboyb] 19/3/2023 17:36

The "spectre" of banking valuations will be in the spotlight as well -

Tomorrow will be interesting -

UK banks probably in a better position than others, however banking stocks now a complete avoid unless a great trading opportunity comes along -

[tomboyb] 19/3/2023 17:21

SUMMARY OF UBS ACQUISITION OF CREDIT SUISSE, $CS:

1. UBS to pay more than $2 billion

2. Offer is ~$0.55/share, 73% below Friday’s close

3. Swiss Central Bank gives UBS $100 billion liquidity line

4. UBS looks to bypass shareholder approval

5. Deal announcement expected today

[dope007] 19/3/2023 15:37

They will be forced to take it in my view

[zaxarobal] 19/3/2023 15:15

Credit Suisse rejecting UBS offer as too low.They might regret that in a few days.

[johnwise] 19/3/2023 13:48

UBS offers to buy Credit Suisse for up to $1bn.For what.Its reputation ?


As Dr Doom warns about a 'Lehman moment' - are UK lenders REALLY safe? Rocky ride lies ahead after huge bailouts ease fears of new crash

Ultimately, banks rely on trust for their very existence. Credit rating agency Moody's said in a recent note to clients: 'When confidence is punctured, contagion can be rapid.

'Banks' balance sheets are often complex and opaque, with interlinkages and exposures that are often only known after the event.'

The inflation shock and rapid increases in interest rates are likely to 'have further consequences for the financial sector', it concluded.

In other words, expect more mayday moments on the choppy seas of high finance. There should be no need to jump overboard, but keep a life jacket handy just in case

[smurfy2001] 19/3/2023 13:31

What a deal.

The all-share deal between Switzerland’s two biggest banks is set to be signed as soon as Sunday evening and will be priced at a fraction of Credit Suisse’s closing price on Friday, all but wiping out the target’s shareholders, four people with direct knowledge of the situation said.

[zaxarobal] 19/3/2023 13:25

CREDIT SUISSE SHARES CLOSED AT 1.86 ON FRIDAY A DEAL AT 0.25 WOULD BE A 86% DISCOUNT TO THAT

[m1k3y1] 19/3/2023 13:21

and the Saudi investors ?

[smurfy2001] 19/3/2023 12:40

$1bn 😂

Credit Suisse shareholders wiped out.

[m1k3y1] 19/3/2023 12:12

The FT
UBS offers to buy Credit Suisse for up to $1bn

[smurfy2001] 19/3/2023 10:32

UK regulators back merger of banking giants Credit Suisse and UBS

[johnwise] 19/3/2023 10:01

Pretend Money Update

World’s largest asset manager BlackRock is exploring ‘tokenization of stocks’