Thanks for your reply. I didn't think about that so I checked - "As noted, the £322 million perpetual subordinated notes (Additional Tier 1 instruments) and the £33 million subordinated debt notes due 2032 (Tier 2 instruments), each issued by SVBUK, are reduced to zero; liabilities under those instruments (including accrued interest) are cancelled." So I assume HSBC doesn't have to pay or have responsibilities for any svb's previous liabilities.

Also why live in sf? High taxes, crime, and col. Move out and remote

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The market is forward looking. If you’re waiting for cost cutting to show up in margins and earnings, you’re already too late.

Wall Street hates this one simple trick.

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Are you Jim Cramer’s child? That would explain a lot..

When you print money, it’s a felony. When the banks print money, it’s just business as usual

Go back to school

Thanks for ur answer. In a relating case, UBS paid over $3b for credit Suisse - was this because they weren't much different in their sizes?

Think it’s gonna float around these levels for awhile

Amazon hasn’t really popped with the rest of mega cap tech in the past month or so.

And, I think, it’s going to be 1-2 quarters until amazons cost cutting is going to show itself in margins and earnings, which is what I believe investors are waiting for

Okay I guess we now know who the trash investors are that are propping this terrible stock. You

>It's clear that you have no idea what you're talking about. You're just trying to sound smart by spouting off random gibberish. Please do everyone a favor and keep your ignorance to yourself.

You say they have $1.4B in assets, but how many liabilities do they have?

>The simple answer is that HSBC could buy SVB UK for £1 because they are a much larger and more powerful company. When two companies merge, the smaller company is almost always absorbed into the larger one. In this case, it made sense for HSBC to just pay a nominal fee to acquire SVB UK since they were already quite familiar with the business and knew that they could easily integrate it into their own operations.

What? You lost me in the analogy.

AMZN stock price has been losing lately, while the actual company only continues to grow and enter new markets. I don’t think they’re winning every race.

I agree.

We already saw this with COVID. If you can lay off the useless eaters for awhile, the market skyrockets. This is especially true for the type of paper pusher jobs AI is looking to replace.

There is no reduction in actual commotities being produced, since these people produce nothing of tangible value except billable hours. They are also generally upper middle class, so even if they start collecting gibs, it won't be anywhere near the amount they were getting while working. Might cause a bit of a mortgage bubble but whatever. Biden will bail them out. I'd say the biggest sector that will suffer is consumer grade "luxury goods" like fashion. Cars are already fucked so who cares?

Hits too close to home

Disagree. They were overvalued at 180, sure…probably.

But at $100 a share?

Before the split that would be $2,000 a share, which is literally the price from 2019 before the Fed really started fucking things up. I think back then it was a fair value, and taking into account the MASSIVE amount of inflation we’ve seen lately, in tandem with Amazon’s growth, $2,000 a share seems too low.

Friends are your worst enemies when it comes to finances

Ok pack it in guys. BaldeeBanks is doing a run on the entire retail sector