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Credit Suisse lost $5.5 billion on criminal-run hedge fund, also pleaded guilty in “tuna bond scam” and was convicted in scheme involving cocaine money laundering

March 19, 2023 -

Despite only just recently capturing headlines for its likely soon collapse, the ongoing stock selloff of the company actually began back in March 2021 following the collapse of the United Kingdom's Greensill Capital and the United States investment fund Archegos, both to which Credit Suisse had exposure.

The Greensill Capital collapse shaved $10 billion off of Credit Suisse's books, while the Archegos collapse trimmed another $5.5 billion in losses. ...

Regulators threaten stablecoin actions if Congress fails to act, warning that stablecoin claims may not be backed up by actual deposits

December 28, 2021 -

In fact, the Financial Stability Oversight Council has become fixated on regulating digital assets, as noted in the group's annual report that was published late last week. The regulatory body "highlighted the dangers posed by climate change, meme stocks and vulnerabilities exposed by the failure of Archegos Capital Management," Bloomberg reported.

The council, which consists of all the chiefs of U.S. financial agencies, has become increasingly active over ...

Greyerz – THIS IS IT … The global financial system has started to collapse

March 21, 2023 -

(Article republished from KingWorldNews.com)

Collapse

March 19 (King World News) – Egon von Greyerz, Founder and Managing Parter of Matterhorn Asset Management:  Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%.

Many bonds will become worthless.

Wealth preservation in physical gold is now ...