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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.
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Chapters:
0:00 Intro
4:02 UBS DEAL
7:28 CREDIT SUISSE BONDS
8:54 BAILOUT
14:06 SUMMARY & CONCLUSION
#creditsuisse
#ubs
#SILICONVALLEYBANK
#SILVERGATE
#signature
#usa
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3…(read more)
LEARN MORE ABOUT: Bank Failures
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As the global banking crisis worsens and spreads its tentacles to Europe, the latest development has sent shockwaves through the financial world. Credit Suisse, one of Switzerland’s largest banks, is on the brink of collapse as panicked depositors line up to withdraw their funds in a desperate bid to protect their savings.
In a move reminiscent of the Great Depression, a bank run has erupted at Credit Suisse, with depositors fearing that the bank will not be able to honor their withdrawals. The situation has become so dire that the Swiss government had to step in to prevent a total collapse.
To stave off disaster, Switzerland’s largest bank UBS has agreed to bail out Credit Suisse with a staggering $173 billion injection. This unprecedented bailout is a desperate move to shore up confidence in the banking system and prevent a full-blown financial meltdown in the country.
The crisis at Credit Suisse is just the latest example of the fragility of the global banking system in the wake of the Covid-19 pandemic. With economic uncertainty and low interest rates, banks are struggling to generate profits and maintain liquidity. This has left many institutions vulnerable to sudden shocks and mass withdrawals by nervous depositors.
The situation in Switzerland is particularly concerning as the country is seen as a bastion of stability and financial security. The fact that a bank run has occurred at one of its largest financial institutions is a worrying sign that the contagion of fear and panic is spreading across borders.
The bailout of Credit Suisse by UBS may have averted a catastrophe in the short term, but the underlying issues in the banking system remain unresolved. As the crisis deepens and spreads to other European countries, there are fears that more banks will come under pressure and the financial system could be pushed to breaking point.
In the face of this crisis, regulators and policymakers must take swift and decisive action to restore confidence in the banking system and prevent a full-blown meltdown. The future of the global economy hangs in the balance, and only through coordinated and effective measures can we hope to emerge from this crisis with minimal damage.
Banking Crisis Escalates as Credit Suisse Receives $173 Billion Bailout from UBS, Spreading to Europe appeared first on Inflation Protection.
