Shares of Credit Suisse jumped Thursday after saying it would borrow up to $54 billion from Switzerland’s central bank. The European Central Bank hiked official interest rates on Thursday by 0.5 percent. In the 1980s and 1990s, Credit Suisse merged with First Boston to create Credit Suisse First Boston. In March 2021, Credit Suisse lost …
Credit Suisse is about four times bigger than Silicon Valley Bank by some financial measures. It is one of the 33 largest banks in the world. It is at risk and the Saudi National Bank is limiting its ownership to just under 10%. The Swiss National Bank and the country’s regulator FINMA said Credit Suisse …
All Silicon Valley bank deposits are guaranteed 100%. Any losses will be shared and taken from the entire US banking industry. The government is creating a fund at the discount window. A bank can give the Fed $X billion of bonds or mortgages. The fed gives them cash. This ensures that the bank does not …
First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors worried of a spill-over of risks from troubled startup focused-bank SVB Financial Group. BREAKING UPDATE : The US Government will cover the deposits 100% and funds will be available Monday. Any losses will be …
Silicon Valley Bank (SVB) failed on Friday. It was the 16th largest bank in the USA. SVB gave loans to startups and the terms of the loans required the startup to keep deposits with SVB. Venture Capitalists for decades would require that startups use SVB and other “standard” best practice legal and financial structures. SVB …
Researchers have observed a newly discovered innermost core of the earth. Seismic station see up-to-fivefold reverberating waves from selected earthquakes along the Earth’s diameter. Differential travel times of these exotic arrival pairs complement and improve currently available information. There is ~650-km thick innermost ball. Dr. Tkalcic and Thanh-Son Pham, a postdoctoral researcher, estimate that the …
India and Pakistan have no nuclear weapons with yields over 40 kilotons, because they do not have fusion bombs in their arsenal. Fusion bombs need a fission bomb to boost a nuclear fusion explosion. The USA, Russia, China, UK, France and Israel have nuclear fusion bombs. North Korea might have a fusion bomb. India’s Claimed …
A firestorm is a conflagration which attains such intensity that it creates and sustains its own wind system. It is most commonly a natural phenomenon, created during some of the largest bushfires and wildfires. Firestorms resulting from the bombardment of urban areas in the Second World War were generally confined to the areas initially seeded …
In 2010, I had written about the reason why Alan Robock and Brian Toons 2007 paper was wrong that an India and Pakistan nuclear war would trigger a nuclear winter and mass famine. Everyone knows that a nuclear war would be very bad and would cause a lot of casualties. There is no reason to …
Researchers say China plans to build a huge satellite network in near-Earth orbit to provide internet services to users around the world – and to stifle Elon Musk’s Starlink. The project has the code name “GW”, according to a team led by associate professor Xu Can with the People’s Liberation Army’s (PLA) Space Engineering University …
Erik Ekudden, Senior Vice President & Chief Technology Officer, Ericsson, Kista, Sweden describes how the growing data and speed needs of 5G [and 6g] are Driving Exponential Increase in Processing Needs Across all Industries. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog …
