I have friends working at credit Suisse. I feel like the whole media online is talking about credit Suisse now after the fall of silicon valley bank.
The fear contagion is spreading and going with the fastest rate hike by Federal Reserve, I am not surprised that the recent tapping of over 30 billion USD by credit Suisse from Swiss central bank may force them to be acquired by another bigger bank.
What will this happen after this? I believe Deutsche bank will be under scrutiny in time to come too... What will happen? Lots of uncertainties in the market now and central banks really have to do a coordinated move.
As always, this should not be construed as any investment or trading advice.
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