To The Moon

Credit Suisse Getting The SVB Treatment From Investors AND Regulators After spending a few days dealing with the banking disaster almost no one saw coming, investors and regulators on Wednesday turned their attention to the slow-motion banking disaster almost everyone saw coming. In the wake of US regulators moving quickly to contain the contagion of the Silicon Valley Bank collapse by backstopping its deposits, their European counterparts were forced to confront a similar reality with perpetually-troubled lender Credit Suisse before coming to a similar conclusion. Credit Suisse announced Thursday morning it would borrow up to $54 billion from the Swiss central bank.