{"id":30892,"date":"2015-10-08T17:02:22","date_gmt":"2015-10-08T16:02:22","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=30892"},"modified":"2015-10-08T17:10:56","modified_gmt":"2015-10-08T16:10:56","slug":"anyone-remember-how-2008-began-with-banks-admitting-they-were-facing-big-losses","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/08\/anyone-remember-how-2008-began-with-banks-admitting-they-were-facing-big-losses\/","title":{"rendered":"Anyone remember how 2008 began, with banks admitting they were facing big losses?"},"content":{"rendered":"<p>Reuters is <a href=\"http:\/\/www.reuters.com\/article\/2015\/10\/08\/us-credit-suisse-gp-strategy-idUSKCN0S21L620151008\" target=\"_blank\">reporting<\/a>\u00a0this afternoon that:<\/p>\n<blockquote><p>Swiss bank Credit Suisse plans to tap investors for a \"substantial\" capital raising to fund a restructuring of the bank under new Chief Executive Tidjane Thiam, the Financial Times said on Thursday.<\/p><\/blockquote>\n<p>Last night we had DeutscheBank admitting it was facing major losses.<\/p>\n<p>Credit Suisse is now saying it might need SFr5 billion and the main reason seems to be to pay for losses and a resulting restructuring.<\/p>\n<p>Twice in twenty four hours may just be chance, but this is also the pattern that precedes financial crises.<\/p>\n<p>Yes, I admit I am being a pessimist right now, but any other option looks unwise to me.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters is reporting\u00a0this afternoon that: Swiss bank Credit Suisse plans to tap investors for a &#8220;substantial&#8221; capital raising to fund a restructuring of the bank<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/08\/anyone-remember-how-2008-began-with-banks-admitting-they-were-facing-big-losses\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,35],"tags":[],"class_list":["post-30892","post","type-post","status-publish","format-standard","hentry","category-banking","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/30892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=30892"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/30892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=30892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=30892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=30892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}