Credit Suisse Bank is Shutting down now

Silicon Valley Bank and Signature Bank are reduced to zero and bankrupted within last week. Sadly one of the International Bank like this Credit Suisse going  under such situations that it also have chances to shut down in near future. Wall Street analyst Robert Kiyosaki who predicted in 2008 about the shutting down of Lehman Brothers is now predicting that in a near future a huge bank is going to bankruptcy. This bank is to be this Credit Suisse bank as per him. 

     The instability in bond market is now creating the biggest problems now. Kiyosaki said "Bond Market is bigger than the World Stock Market so if something happens to this market will directly affect the World Stock Market". 

Share price is going down continuously

Credit Suisse is the world's top 8th investmant bank and 2nd in Switzerland. Few days ago it was officially confirmed that in the 2021 and 2022 financial year some instability was seen in the records. It clearly indicates that the bank is failed to overcome from the problems. For the past few months this bank is undergoing on financial problems. It gradually decreases its share price upto 80% since 2021 March when British finance company Greensill collapsed. This results in the continuous decrease in its share value. 

Saudi National Bank rejected to provide funds 

Omar Al-Khudairi, the important shareholder and the member of the Saudi National Bank now refused to provide funds to this bank seeing this measurable conditions of Credit Suisse bank. Looking at him it seems that all the other investors and shareholders will also refuse to help this bank. If some untoward happens then the whole world will face a sever financial problem. Because Credit Suisse is such a huge bank that no-one is expecting the shutting down of this bank. 

The bank situation is good and it gets all the Govt facilities said by Axel Lehman the Board member of the Credit Suisse bank. He also said not to compare this bank with the Silicon Valley Bank and it's not right. It has a good equity ratio and balance sheet as well. Immediate steps are taken to restore the condition of the bank from last October 2022. 

It is listed on such 30 banks list who has very less possibilities to get screwed or shutting down. It has extra huge amount of funds for facing problems. It made a loss of 7.8 billion dollars in the 2022 financial year. Nilakantha Mishra resigned from this bank to join the Axis Bank. He was appointed as the Strategic and Security research head of this Bank for the Asia-Pacific Ocean region.