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A comment on Credit Suisse sheds nearly 25%, key backer says no more money. Parent comment

Re:Credit Suisse sheds nearly 25%, key backer says no more m... by timmytokyo on Wednesday March 15, 2023 @02:57PM (#35173084)
It's not exactly surprising that a company known for its extensive dealings with corrupt actors is also bad at managing risk.
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Re:Credit Suisse sheds nearly 25%, key backer says no more m... by riffraff on Wednesday March 15, 2023 @03:35PM (#35173574)
> It's not exactly surprising that a company known for its extensive dealings with corrupt actors is also bad at managing risk.

HSBC is just as evil, and is doing well enough that they just acquired the UK branch of SVB

https://www.icij.org/investigations/fincen-files/hsbc-moved-...

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Re:Credit Suisse sheds nearly 25%, key backer says no more m... by HorizonXP on Wednesday March 15, 2023 @04:04PM (#35173988)
FTX bought Voyager when they went down.

Acquisitions != health

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Re:Credit Suisse sheds nearly 25%, key backer says no more m... by IG_Semmelweiss on Wednesday March 15, 2023 @06:22PM (#35175535)
Its well known that acquisitions are a great way to hide fraud, too. Number of studies on that front.

Another (usual) reason is when a company lacks clear avenues for growth so they are looking to buy some growtg

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Re:Credit Suisse sheds nearly 25%, key backer says no more m... by mtlmtlmtlmtl on Wednesday March 15, 2023 @03:26PM (#35173459)
Yeah this makes sense. One of the cases where A causes both B and C.

People willing to take part in criminal activities are almost definitionally less risk averse. You're risking fines, loss of reputation, prison, unemployability, destitution.

Not then surprising that those same people would be more willing to take undue financial risk, all the while maybe closing an eye to some red flags.

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