ilmscore | The Next Bank To Fail (What Just Happened)

The Next Bank To Fail (What Just Happened)

Published: 2023-03-16
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
The collapse of Credit Suisse is predicted to be the beginning of a broader banking crisis.
"some believe this to now be the start of a slow rolling crisis with the bank contagion just beginning"
Credit Suisse
Pending
Credit Suisse's CEO indicated the bank was in a critical state at the end of 2022.
"all of this begins at the end of 2022 when the CEO of Credit Suisse made a statement that the bank was at a critical moment"
Credit Suisse
Pending
Credit Suisse's Tier 2 capital was lagging behind regulatory requirements, indicating potential restructuring difficulties.
"their previous results were less than optimal Yahoo noted that their tier 2 capital is lagging behind regulatory requirements"
Credit Suisse
Pending
Customer withdrawals from Credit Suisse led to its largest annual loss since the 2008 financial crisis.
"customers of Credit Suisse withdrew billions of dollars from the bank contributing to the bank's biggest annual loss since the financial crisis in 2008."
Credit Suisse
Pending
Credit Suisse reported material weaknesses in its financial reporting due to ineffective internal controls over the previous two years.
"on March 14th the bank said that it had found material weaknesses in its financial reporting over the last two years because of ineffective internal controls"
Credit Suisse
Pending
The surge in Credit Suisse's credit default swaps indicated investors were betting on the company's failure.
"as of today the cost of their credit default swaps skyrocketed to its highest level ever in history implying that investors are beginning to bet on the entire company's demise"
Credit Suisse
Pending
The Saudi National Bank will not provide further capital to Credit Suisse due to regulatory limits (owning 9.8% and not wanting to exceed 10%).
"the Saudi National Bank said that they would not be giving them any more capital or increasing their position within the bank with their exact words being the answer is absolutely not for many reasons I'll cite the simplest reason which is Regulatory and statutory we now own 9.8 percent of the bank if we go above 10 all kinds of new rules kick in"
Global Banking System
Pending
A future bank failure is predicted to have devastating effects similar to the 2008 Lehman Brothers collapse, causing job losses, credit freezes, and market-wide losses.
"in the event that we do see a bank failure there would be a rather devastating effect throughout pretty much everything as we've kind of already seen for example in 2008 when Lehman Brothers collapsed from over leveraged mortgages their bankruptcy resulted in 26 000 job losses a complete credit freeze his loans dried up and losses across the entire Market"
Banking System Crisis
Pending
Credit Suisse is expected to be bailed out and receive minimal penalties despite significant past fines, with the cycle of issues expected to continue.
"Credit Suisse gets bailed out they get a slap on the wrist after receiving over 11 billion dollars in fines paid out over the last 20 years and life goes on until the next headline comes up"
Credit Suisse
Pending
Market panic caused by banking instability could present buying opportunities for long-term investors, who may use dollar-cost averaging.
"Panic May create some good buying opportunities if you're a long-term investor Personally I'm using this as an opportunity to dollar cost average into the markets on a lower basis"
Market Opportunities
Pending
ChatGPT is cited as having predicted a market crash on March 15th.
"ask chat gbt because it correctly predicted that the market was going to crash on March 15th"
Market Crash
Pending