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Credit Suisse Goes Under and UBS Buys Them! + Banking Crisis | David Coleman Daily Thoughts #35
Following the fall of Silicon Valley Bank and Signature Bank, Europe's second largest bank Credit Suisse is in serious trouble and was purchased for pennies on the dollar by one of their biggest competitors UBS - with Swiss National Bank backstop for deposits. Banking crisis is here and it's going to get much worse if the FOMC raises rates.
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