BANK RUNS - $173 Billion Credit Suisse Bailout by UBS as Banking Crisis Worsens & Spreads to Europe - Joe Blogs

March 20, 2023 #creditsuisse #ubs #SILICONVALLEYBANK

UBS has taken over Credit Suisse at the request of the Swiss Authorities to avoid the BANKRUPTCY of the bank. Credit Suisse is the latest bank to be hit by the current Banking Crisis and last week received a $54 Billion Bailout from the Swiss Authorities however this did not prove to be sufficient to stem the crisis and an additional $173 Billion has now been provided as part of an extensive BAILOUT. This Crisis comes within days of the Collapse of SILICON VALLEY BANK, Signature Bank and the Liquidation of Silvergate Bank. In this video I look at the Credit Suisse BAILOUT and discuss the implications for the Global Economy.

For specific details please check out the CHAPTER list below.

Chapters:
0:00 Intro
4:02 UBS DEAL
7:28 CREDIT SUISSE BONDS
8:54 BAILOUT
14:06 SUMMARY & CONCLUSION

Youtube source: https://www.youtube.com/watch?v=s_ldcXvQ5lM