3 ms·
I'd struggle to mention a bank which hasn't done some seriously questionable stuff just in the last 15 years, this is nothing unique.
by swarnie 4y ago
I'd struggle to mention a bank which hasn't done some seriously questionable stuff just in the last 15 years, this is nothing unique.
- VWWHFSfQ 4y agodoes that change anything with regard to this particular bank
- swarnie 4y agoOnly in the context of OPs comment. If we withhold help purely based on evidence of shady dealings then JPM, HSBC, DB, Well Fargo, Goldman and a whole butch of others should be liquidated by Monday lunch time in solidarity. Personally i hate the barter system so i suggest we find a different judgement metric.
- BaseballPhysics 4y agoHonestly, the only way you could say that with a straight face is if you haven't been paying attention to CS over the past year. Archegos and Greensill alone are astounding, and those blew up in just the past 6-9 months!
- quickthrowman 4y agoThere were 4-5 banks that sold equity swaps to Archegos. CS and Nomura lost the race to the exits to GS and MS who exited first, and ended up holding the bag.
- deleted 4y ago[deleted]