Asia stocks steady as Credit Suisse buyout brings relief

In a little over a week, the fallout from the collapse of Silicon Valley Bank - which has roiled confidence in the banking system - has brought a globally systemic lender to its knees.for 3 billion francs and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities.

"The best we can say was there are certainly a lot of concerns about Credit Suisse contagion risk," said Rodrigo Catril, a senior currency strategist at National Australia Bank in Sydney.

We are still on the verge of economic collapse and World War III. There is no hope for the future. It’s over.

Credit suisse is too small to affect the ENTIRE stock market…

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U.S. stock-market futures edge higher after historic deal to rescue Credit SuisseU.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as... Until the next “rescue.” CS was a mess before this, but they are not the last bank with serious issues Thanks Yellen, keep on pumping that money in….and consolidating the banks on the backs of taxpayers guaranteeing their bad behavior.
Source: MarketWatch - 🏆 3. / 97 Read more »