📣 CREDIT SUISSE DEAL:

- UBS has $1.1 trillion in total assets, Credit Suisse has $575 billion
- UBS agrees to buy Credit Suisse for $3.25 billion
- Swiss National Bank agrees to offer a $107 billion liquidity line to UBS
- Swiss president says takeover was the 'best solution'

@Fin_Watch

📣 GOLD hits $2000

@Fin_Watch

📣 BREAKING: China's president Xi Jinping has arrived in Russia

@Fin_Watch

📣 This month, four banks failed:

- Silvergate, $SI
- Silicon Valley Bank, $SIVB
- Signature Bank, $SBNY
- Credit Suisse, $CS

Will there be more?

@Fin_Watch

📊 World Indices :

SPX - 3,932.57 (0.41%)

🚀 Cryptocurrencies :

Bitcoin USD - 27,916.98 (2.47%)
Ethereum USD - 1,765.20 (-0.87%)

🌟 Commodities :

Silver - 22.635 (0.77%)
Crude - 66.10 (-0.96%)
Gold - 1,986.00 (0.63%)

@Fin_Watch

🚨🚨🚨 JUST IN: Amazon $AMZN fires 9,000 employees.

@Fin_Watch

🚨🚨🚨 Uninsured Deposits by Bank:

1. BNY Mellon, $BK: 97%
2. SVB, $SIVB: 94%
3. State Street, $STT: 91%
4. Signature, $SBNY: 90%
5. Northern Trust, $NTRS: 83%
6. Citigroup, $C: 77%
7. HSBC Holdings, $HSBA: 73%
8. First Republic Bank, $FRC: 68%
9. East West Bancorp, $EWBC: 66%
10. Comerica, $CMA: 63%

There are now a total of $8 trillion in uninsured deposits in the U.S.

Roughly 40% of all deposits are uninsured.

@News_Crypto

📣 UBS acquisition of Credit Suisse will make it the 3rd largest asset manager in the world behind Blackrock and Vanguard

@Fin_Watch

📣 Mega cap tech layoffs announced over the last 6 months:

Amazon $AMZN: 27,000 employees
Facebook $META: 21,000 employees
Google $GOOGL: 12,000 employees
Microsoft $MSFT: 10,000 employees

@Fin_Watch

📣 Meta faces third lawsuit in Kenya as moderators claim illegal sacking, blacklisting

@Fin_Watch | link

📊 #FOMC Historic rate hikes that started in March'22:

Mar 16: +25bps
May 4: +50bps
Jun 15: +75bps
Jul 27: +75bps
Sept 21: +75bps
Nov 2: +75bps
Dec 14: +50bps
Feb 1: +25bps
Mar 22: ???

@Fin_Watch

🇺🇸 US Studies Ways to Guarantee All Bank Deposits If Crisis Expands

@Fin_Watch | link

📣 Elon Musk just said he thinks Jerome Powell and the Fed should cut rates by at least 50 basis points on Wednesday

@Fin_Watch

📊 World Indices :

SPX - 3,996.07 (1.13%)

🚀 Cryptocurrencies :

Bitcoin USD - 28,075.61 (0.57%)
Ethereum USD - 1,820.78 (3.15%)

🌟 Commodities :

Crude - 69.25 (2.38%)
Gold - 1,957.90 (-1.26%)
Silver - 22.49 (-0.69%)

@Fin_Watch

🇸🇪 Sweden's largest pension fund sells all First Republic Bank $FRC shares at a $728 million loss.

@Fin_Watch