Credit Suisse in the last few hours:
- Stock down 17%
- Denied funds by Saudi National Bank
- Revealed "material weaknesses" in its financial reporting controls
- Found to be breaching Swiss supervisory law over $10bn Greensill funds
What now?
I've recently realized that interest rates in America are actually not high, we are just used to having 1% interest rates
I'll be buying another house soon with 6% and I'll refinance that later if it ever drops ๐
This is one of the craziest things to happen in the #stockmarket this year
Bing potentially became a better search engine than Google overnight. Insane!