As of late, financial professionals and crypto gurus have cast doubt on the robustness of both Susie and Deutsche Bank, with the Swiss bank being a trendy subject of debate in this context.

The Latest Susie and Deutsche Bank News – A Difficult Time Ahead

Ulrich Koerner, the Chief Executive Officer of Credit Suisse, addressed a note to the company’s workers last week to ease their anxieties. However, the email was later shared with Reuters on Friday and ended up being a spectacular failure.

In the letter concerning the tragedy, Koerner states that “this is a vital time for the entire company” and a “difficult era.” Still, he adds that the bank is being reformed towards a “long-term, sustainable future.”

Koerner and Credit Suisse’s challenge is that to reorganize the Swiss bank, the firm will need further investment and new capital. Still, the bank does not seem to be the solid investment it previously was.

When the markets opened on Monday, the price of Credit Suisse shares (CSGN) was down 11% from the previous trading day. This contributed to a decline of 59% since the beginning of the year. This compounding effect hastens an otherwise slow and steady drop for CSGN, which is currently 91% lower than its all-time high in 2007.

Both the markets and the media got it wrong.

It is somewhat ironic that Koerner may have been responsible for the sharp decline in the value of CSGN shares that occurred this week. In the letter that he wrote, Koerner argued that most of the anxiety expressed in the media and the markets was more noise than signal.

“I know it is difficult for you to maintain concentration among the many reports you read in the media. Particularly in light of the numerous claims made that are not supported by the facts. I hope you are not conflating the day-to-day performance of our stock price with the bank’s robust capital base and liquidity position,” he added. “I trust that you are not making this mistake.”

Because of this, Spencer Jakab of the Wall Street Journal compared the arrogance of Credit Suisse to that of Lehman Brothers before the latter company’s collapse in 2008.

Jakab sent a message on Twitter saying, “it’s a horrible look and unhelpful when bank CEOs make remarks about the market being incorrect.” In this specific line of work, the view of the market may end up “self-fulfilling” when conditions get difficult.

According to Jakub, the chief executive officers of large banks may cause further financial difficulties by giving the impression that they are ignoring or dismissing the emotions and worries of the market.

According to Jakab, Herr Korner is playing with fire by asserting that the market is incorrect only two full months into his role as CEO of a large bank.

Both Susie and Deutsche Bank are now trading at distressed prices, according to research written by IP Banking Research and published in Seeking Alpha on Saturday. Out of the two, Deutsche Bank is in somewhat better health than Credit Suisse, however.

“At the moment, Credit Suisse (CS) is trading at 0.23 times its tangible book. Deutsche Bank (DB) shares are now trading at 0.3 times the company’s tangible book value. According to IP Banking Research, “these are quite disturbing values for banks, much more so for European banks.”

This indicates that the two banks’ shares are trading at a lower price than the value of the assets that the companies hold if they were to be liquidated.

What does crypto think about the Deutsche Bank News?

Even if established financial firms like Credit Suisse have been known to be cautiously enthusiastic about digital currencies, there is hardly anything that crypto Twitter users want to speak about more than the turmoil in traditional financial markets.

Therefore, it should not be a surprise that cryptocurrency critics have been rushing up to poke fun at the bank and its present problems over the last weekend.

Wall Street Silver has 320,000 followers and summed up the widespread mood this past weekend by tweeting his audience, “Credit Suisse is definitely going to go bankrupt.” The markets are indicating that it is bankrupt and will most likely fail.

On Monday, an account known as Inflation Tracker was even more striking as it summarized the extent of any prospective issue.

When they went bankrupt and died, the investment firm Lehman Brothers had assets worth $600 billion. Assets of $2,800 billion are held by Credit Suisse. If you thought 2008 was a challenging year, just wait till 2009. The global financial markets are dangerously close to failing. It warned that the credit markets were going to be closed down.

During this time, JAN3 founder Samson Mow told the people who followed him that the bottom had already been reached for Bitcoin.

According to Mow, the price of bitcoin “has already been driven down to the limit, much below 200 WMA.” Contagion from UST/3AC and leverage has already been cleaned out of the system. As a hedging strategy, substantial short positions are held in BTC. Even if the latest Credit Suisse and Deutsche Bank news fails, which would cause a global financial catastrophe, I don’t see us falling much farther.

Even after expressing such unwavering faith in BTC, Mow continued to jest by saying, “Famous last words.”