Blog
The write-down of Credit Suisse’s AT1-bonds and the Swiss TBTF-framework
As part of the merger between UBS and Credit Suisse and the additional measures implemented by the Swiss authorities, USD 17bn of AT1 instruments issued by Credit Suisse are written…
Silicon Valley Bank Collapse – Should we worry about European Banks?
The collapse of Silicon Valley Bank (SVB) end of last week sent shock waves over the global financial system. Bank stocks in the US and Europe lost between 10% and…
The UK PRA expects international banks to improve on risk management
In their “Dear CEO letter” from 10 January 2023, the Bank of England’s Prudential Authority (PRA) sets their supervisory priorities for 2023 in the areas i) financial resilience, ii) operational…
Axpo – Was Politiker wissen sollten
Im Nachgang an die Gewährung eines 4 Milliarden-Kredites durch den Bund wird die Geschäftsstrategie der Axpo in der Politik rege und kontrovers diskutiert. Eine durch den Axpo-Verwaltungsrat in Auftrag gegebene…
Highlights from the 25th Annual Bank Capital Management Conference in London
Last week, I was invited to attend the 25th Annual Bank Capital Management in Banking Institutions conference in London and to lead the pre-conference workshop about “vulnerabilities revealed by the…
Credit Suisse Strategy Update – Main takeaways
This morning, Credit Suisse lifted the curtain and published its long awaited strategy update. Here are the main takeaways: Most importantly, Credit Suisse drastically reduces its Investment Bank and focuses…
Orbit36 Vice Chairman Claude Moser on Swiss National Television
Ahead of Credit Suisse’s long-expected strategy update, Orbit36 Vice Chairman Claude Moser is interviewed by SFR News, Switzerland’s primary public television channel. Today’s main edition of “Tagesschau” can be watched…
Banks in temporary troubles as clearers of energy firms
With skyrocketing energy prices on 26 August 2022, energy firms came in troubles and their banks faced a critical moment. The sharp price increases of future contracts on gas and…
Axpo – Wohin fliessen die Bundes-Milliarden, wenn es ernst gilt?
Am 6. September 2022 hat die Axpo Holding vom Bund eine nachrangige, unbesicherte Kreditlinie von 4 Mia. CHF zugesprochen erhalten. Diese wurde notwendig, weil stark gestiegene Strompreise hohe Sicherheitsleistungen für…
Axpo – Ein gewaltiger Sturm im Wasserglas
Heute Morgen hat die Axpo Holding AG beim Bund ein Gesuch um temporäre Liquiditätshilfe eingereicht. Mittels Notverordnung hat der Bundesrat den Rettungsschirm für die Schweizer Stromwirtschaft aktiviert und der Axpo…
Orbit36 Vice Chairman quoted by NZZ am Sonntag
In yesterday’s edition of NZZ am Sonntag (published by Neue Zürcher Zeitung), award-winning editor Zoé Baches quotes Orbit36 Vice Chairman and Key Client Relationship Manager Claude F. Moser on the…
Fed vs. ECB – Why the diverging speed of monetary tightening helps US banks
With today’s 75-basis point rate increase, the Federal Reserve (Fed) continues its policy to progressively hike interest rates to combat inflation. Since the beginning of this year, the Fed raised…
Three hidden risks below the waterline bank boards should be aware of
Navigating a bank safely through uncertain times requires expertise, experience and intuition which goes far beyond reviewing standard risk and financial reports. In the current challenging economic, political and social…
FED stress test results indicate $100bn trading loss potential for large US banks
The results of the 2022 Federal Reserve Stress Test published last week reveal that the 11 largest US banks would incur combined trading losses of USD 100bn under a hypothetical…
What does today’s SNB rate increase mean for banks in Switzerland?
In this article, Orbit36 discusses how today’s change in the SNB policy rate from -0.75% to -0.25% and the possible abandonment of the negative interest rate regime will impact the profitability of banks in Switzerland.
What banks earn from negative deposit interest rates in Switzerland
At year-end 2021, banks in Switzerland had more than a trillion of client deposits in Swiss francs on their balance sheets. The vast majority of these deposits is bearing no…
Ban of Russia from Swift – what are the risks for the banking system?
Following the decision to exclude Russian banks from the international payment system Swift as part of the sanctions against Russia to defend democratic values, we aim to shed some light…
Recent jumps in FAANG stocks indicate vulnerabilities for banks
Last week, the shares of US tech giants Amazon and Facebook owner Meta Platforms showed exceptional price swings. Both shares are widely held by hedge funds. According to Reuters, eight…
Orbit36 to present at U.S. Stress Testing Conference
I feel honored to be invited as speaker to the “3rd Annual Best Practices for Stress Testing in Financial Institutions” conference in New York. This premier GFMI event brings together…
Is collateralized lending the trigger for the next stock market crash?
The collapse of two Bear Stearns hedge funds in July 2007 is in hindsight often seen as the first warning signal of the approaching financial crisis. Possibly, the default of…