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[Reuters] UBS eyeing swoop for Credit Suisse amid fears of banking contagion [Yahoo/Bloomberg] UBS Seeks Swiss Backstop in Any Credit Suisse Deal [Reuters] UBS, regulators race to seal Credit Suisse deal as soon as Saturday, Financial Times reports [Reuters] Moody’s downgrades credit ratings on First Republic Bank [AP] Bank failures: Anger in Congress, but […]
The Ides of March In Shakespeare’s Julius Caesar, the seer warned, “beware the ides of March.” Well, it may not be Shakespeare, and it certainly isn’t soothsaying, but in a research paper released earlier this month, the San Francisco Fed (of all outfits) warned policymakers that they were treading on ground that could erode beneath […]
It is commonly believed that the “Great Financial Crisis” could have been avoided had the Federal Reserve bailed out Lehman Brothers. This is along the same lines as the Milton Friedman/Ben Bernanke thesis, that the Great Depression was the result of the Fed’s failure to print sufficient money to recapitalize the U.S. banking system. It’s […]
[Yahoo/Bloomberg] Stocks Slip, Bonds Gain as Bank Angst Lingers: Markets Wrap [Reuters] Credit Suisse shares tumble again, sentiment remains fragile [Yahoo/Bloomberg] Asian Bank Stocks Regain Footing After US Peers Rally on Rescue [Reuters] SVB Financial seeks bankruptcy protection for reorganization [AP] Will Americans end up footing the bill for bank failures? [Reuters] Yellen, Dimon, Powell […]
Gold pushed up to $1935 today following a massive news week for not only the equities but banking sector. After the collapse of Silicon Valley Bank and the subsequent shutdown of Signature Bank, concerns grew among the investing and saving community. The question now is will contagion spread to other banks? Only time will tell […]
[Yahoo/Bloomberg] Rally Fizzles as Banking Woes Linger: Markets Wrap [Reuters] Credit Suisse’s $54 bln lifeline gives global banks tentative respite [Yahoo/Bloomberg] Bank Stock Rally Fizzles as Credit Suisse Optimism Fades [CNBC] First Republic falls 25% as regional bank stocks continue to sink [Yahoo/Bloomberg] Credit Suisse Default Swaps Drop After Central Bank’s Liquidity Pledge [Yahoo/Bloomberg] […]
[Yahoo/Bloomberg] Stocks Reel Amid Credit Suisse Turmoil: Markets Wrap [Reuters] Credit Suisse sheds nearly 25%, key backer says no more money [Reuters] Credit Suisse leads Europe bank rout in renewed SVB fallout [Yahoo/Bloomberg] Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank [Reuters] Credit Suisse woes knock euro, sterling, Swiss Franc [Reuters] […]
How Could 3 Strongly Rated Banks Suddenly Fail? You Can Buy Anything With Unlimited Money Except The End Of Inflation Call Us To Get Your Free Bank Rating – Click Here To Sign Up The Unlimited, Universal, Depositor Bailout March 15, 2023 “I think we’ve spent five years, at least, talking about malinvestment as a […]
