Credit Suisse and Deutsche Bank are on the verge of collapse.

A thread on the ongoing crisis at DB and CS as per my limited understanding. 🧵

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#deutsche #CreditSuisse

The combined asset base of the two banks is nearly $2 Trillion which is 3x the asset base of Lehman Brothers at the time of its collapse.

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#deutsche #CreditSuisse #LehmanBrothers

On 15 September 2008, Lehman Brothers, a bank considered 'too big to fail' filed for insolvency. It was the single largest bankruptcy filing in the history of the US.

At the time, the bank had $639 billion in assets and $619 billion in debt.

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Both Credit Suisse and Deutsche Bank are designated as systemically important financial institutions (SIFI): i.e. they are "too big to fail".

Remember the times when they labeled Lehman Brothers as "TBTF"?

Source - FSB

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The stocks of Deutsche and Credit Suisse have been slowly bleeding out since 2009 and both are down ~90% from 2009 high.

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#deutsche #CreditSuisse @in_tradingview