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UBS $3.2B takeover of Credit Suisse wipes out AT1 bonds, proves bank bonds are more risky than previously believed

March 22, 2023 -

According to CNBC, the Swiss Financial Market Supervisory Authority (FINMA) broke the news. This effectively rendered AT1 bonds worth 16 billion Swiss francs ($17.35 billion) worthless, while shareholders will receive payouts as part of the bail-in. CNBC added that the deal between UBS and Credit Suisse was inked on March 19 with the "help of Swiss authorities."

Also called contingent convertibles, AT1 bonds are debts that are considered part of a bank’s ...

“This just makes no sense”: European regulators rush to calm AT1 investors after Credit Suisse wipeout shock

March 21, 2023 -

(Article by Tyler Durden republished from ZeroHedge.com)

On Sunday, something similar happened with Credit Suisse when, much to the shock of Europe's $275 billion Additional Tier 1 market, some $17BN in Credit Suisse AT1, aka Contingent Convertible, bonds were wiped out even as equity holders received over $3 billion in consideration from UBS courtesy of Swiss taxpayers who ended up footing billions in contingent liabilities.

Not surprisingly, this morning the entire ...

Credit Suisse merger with USB could destroy Western bond market after bank zeroed out BILLIONS in bonds

March 23, 2023 -

According to analysts cited by Bloomberg on Monday, the proposed merger between Switzerland's two largest lenders, Credit Suisse and UBS, could have an adverse effect on the entire Western bond market, Russia Today reported.

On Sunday, UBS announced its acquisition of Credit Suisse, which was on the verge of insolvency due to a loss of investor and customer confidence, for 3 billion Swiss francs ($3.24 billion) in stock. The Swiss government, which brokered the deal, provided ...

Silicon Valley Bank collapse sends investors scrambling toward bonds, gold

March 14, 2023 -

SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance Corporation (FDIC). Three days later, on March 13, the FDIC-administered successor of the failed bank began operations.

On the same day, investors flocked to U.S. Treasury securities and gold – two assets traditionally considered safe havens during periods ...

Gold dethrones Treasury bonds as largest foreign reserve asset after 30 years

January 15, 2026 -

In a seismic shift for the global financial system, gold has dethroned U.S. Treasury bonds to become the largest reserve asset held by foreign central banks worldwide for the first time in three decades.

This historic change, confirmed by new 2026 data, signals a profound loss of confidence in traditional dollar-denominated safe havens. It also heralds a strategic pivot by nations toward tangible wealth preservation amid escalating geopolitical ...

Swiss defend $17BN AT1 bond wipeout in Credit Suisse deal as furious creditors including David Tepper vow to sue Switzerland

March 26, 2023 -

(Article by Tyler Durden republished from ZeroHedge.com)

Sunday's shocking bail-in, which rendered $17BN of investments worthless, has become one of the most controversial elements of the shotgun marriage between Credit Suisse and its larger rival, UBS, brokered by Swiss authorities. Just hours after the deal was announced, other large market regulators began to distance themselves from the decision, fearful that it would endanger banks’ ability to raise capital ...

“Green” bonds a total FRAUD – less than 1% of proceeds used for stated purpose

May 24, 2024 -

New research reveals that for all the money dumped into green bonds, there is absolutely nothing to show for it. The environment is still just the same as it always was, except the country is much poorer now because of all the green scams.

Had things gone according to plan, the more than $2.6 trillion in green bonds that were issued over the last decade could have helped companies mitigate their climate worries. Instead, it was all a pointless, wasteful smokescreen.

The ...

Over £1.3 trillion wiped off the value of UK bonds since beginning of 2022

November 09, 2022 -

Just over £882 billion ($1.02 trillion) has been wiped off the value of Gilts and Index-linked Gilts in the year-to-date. The value of the U.K. corporate bonds has also fallen by £514.5 billion ($594 billion) since the beginning of the year.

"The unprecedented meltdown in bonds is not just causing issues for pension funds with exposure to liability-driven investment strategies. The fall is also wrecking the returns for any investor with large exposure to U.K. bonds," ...

STOCKS, BONDS, CRYPTO and REAL ESTATE: The whole house of cards is coming down

June 15, 2022 -

As of right now, America's real estate bubble is now in the process of a catastrophic collapse. The stock market is collapsing and the crypto universe is absolutely imploding. "The crypto apocalypse is here," writes Michael Snyder from End of the American Dream:

Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words... approximately two-thirds of the value of all cryptocurrencies has already ...

US bondholders preparing to sue Swiss government over wipeout of $17 billion worth of Credit Suisse bonds

March 24, 2023 -

Swiss bank Credit Suisse was sold to one of its main competitors, UBS, in a sale brokered by the Swiss government. As part of this deal, UBS was forced to pay out $3.25 billion to shareholders. But the government also used an emergency ordinance to write down the value of the bonds to zero. (Related: Credit Suisse merger with USB could destroy Western bond market after bank zeroed out BILLIONS in bonds.)

These bondholders own securities that are known as Additional Tier ...

Breakthrough “bone glue” inspired by oysters bonds fractures in 3 minutes, could replace metal implants

September 29, 2025 -

Imagine breaking a bone and walking out of the clinic fully stabilized just three minutes later. No metal plates, no screws, and no second surgery to remove them. That’s the promise of Bone 02, a new medical adhesive developed by Chinese researchers that could transform orthopedic medicine.

Unveiled this month in Zhejiang Province, this "bone glue" mimics the tenacious grip of oysters to bond shattered bones in record time, even in blood-rich ...

The EVERYTHING BUBBLE, led by bonds, is about to BURST – just in time for WWIII

October 22, 2023 -

Take the ongoing "bond bloodbath," as Wolf Richter calls it. Delusions about the Federal Reserve's fight with inflation are finally giving way as reality sets in that inflation is not going away. It is not transitory like notorious liar Treasury Secretary Janet Yellen kept saying, and there does not really appear to be any way to stop it.

Long-term yields are right at the point of breaking 5 percent – the last time this happened was in 2007, and we all know what happened ...

DOLLAR DEMISE: China selling U.S. Treasury bonds in record numbers in favor of gold, other commodities

May 24, 2024 -

Beijing divested a total of $53.3 billion in Treasuries and agency bonds during the first three months of the year, while simultaneously increasing its purchases of gold and other commodities.

Analysts suggest this reduction in foreign exchange reserves is part of China's broader strategy to diversify its holdings from being dominated by U.S. dollar-denominated assets amid rising geopolitical tensions with the United States.

These analysts point to the economic impact ...

DOLLAR EXODUS: Investors scooping up “safe haven” assets like gold and bonds as dollar devaluation accelerates

January 03, 2024 -

Panic buying for bonds is off the charts, as is the price of gold as investors gobble up whatever items of value that they believe will protect them from the financial Armageddon that is currently in motion.

Over the Channukah and Christmas holidays, the values of nearly every other asset class besides the U.S. dollar increased. The U.S. dollar, meanwhile, dumped in value as investors shed the increasingly worthless paper backed by nothing in favor of assets that are ...

Japanese banking giant Norinchukin PULLS PLUG on global financial system with $63 billion Treasuries, European bonds LIQUIDATION

June 19, 2024 -

Many people missed it, but last fall Norinchukin was quietly added to the private Federal Reserve banking cartel's Standing Repo Facility, which Zero Hedge appropriately and simply describes as "the Fed's foreign bank bailout slush fund," effective Dec. 1, 2023.

Japan's fifth largest bank with $840 billion in assets, Norinchukin will reportedly sell more than 10 trillion yen's worth of its holdings of both U.S. and European government bonds during the year ending March ...

Despite its five felony counts, the Federal Reserve has entrusted $2 trillion in bonds to JPMorgan Chase

November 10, 2020 -

(Article by Pam Martens and Russ Martens republished from WallStreetOnParade.com)

That’s effectively what the Federal Reserve, the central bank of the United States, has done when it comes to JPMorgan Chase. As of this past Wednesday, the Fed has a $7 trillion balance sheet and $2 trillion of its agency Mortgage-Backed Securities are sitting at JPMorgan Chase, the bank that the Department of Justice has charged with five criminal felony counts since 2014 – all of which ...

The Jim Price Show: Planned financial collapse seeks to put all banks under one controlled “umbrella” – Brighteon.TV

March 28, 2023 -

"This is one of the problems we're seeing with the credit and banking industry. They are warning that a lot of these banks will fail because they want to put everything under one umbrella and then that way they can control what you can spend your money on,"  he said during the March 20 episode of "The Jim Price Show" on Brighteon.TV.

"This is a purposeful collapse and the central banks want all this to happen so you get scared, and would make your money disappear."

He ...

Florida’s Palm Beach County invests $700M in Israeli bonds, essentially using taxpayer money to fund genocide in Gaza

June 04, 2024 -

Israel needed to fund its war on Gaza, and state and local governments in the U.S. were only all too eager to buy Israeli debt, leading to states, counties and cities becoming massive investors in the country. Last year, Israel sold a record $3 billion in bonds. (Related: Israel's DEBT has doubled to nearly $43 billion since declaring war on Gaza.)

The situation has turned Palm Beach County, Florida into the world's largest investor in Israeli bonds, with $700 million of ...

Gold Newsletter: 2023 will be a bearish year for stocks and bonds, but a bullish one for precious metals

January 10, 2023 -

Brien Lundin, long-time editor of the news letter, elaborated on these predictions during an episode of the "Gold Newsletter Podcast."

"In recent weeks, the correlation between gold and stocks has been breaking down a bit and coming less positive and less correlated – even negatively correlated for some time," Lundin told his co-host Fergus Hodgson.

Lundin noted that this only happened a couple of times since the U.S. Federal Reserve began raising interest rates ...

Members of Scottsdale Unified School District served surety bonds of $1 million EACH over child abuse, segregation, inappropriate materials

February 12, 2022 -

In particular, parents are outraged at the adoption of an explicitly anti-white critical race theory curriculum, ridiculous and pointless COVID masking and vaccine mandates and the inclusion of sexually inappropriate books and materials in school libraries that includes illegal acts of pedophilia.

In fact, parents and activists have just served members of the Scottsdale (Arizona) Unified School District with surety bonds totaling $1 million (that is, 10 parents have ...