Credit Suisse (SWX:CSGN) is freefalling. PTSD for Europeans is flaring up, as a phrase they thought had been condemned to the annals fo history – “banking failure” – is suddenly again receiving airtime. Of course, nothing has come anywhere near failing, and comparisons to the bloodbath that was 2008 remain off, but today is throwing…
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The best cheap cryptos can explode in value in a short space of time. Those who manage to uncover the next 100x gem can see insane returns on their early investment – but it’s not always so easy. “Small cap” cryptos are often high-risk, high-return investments, so it’s always important to keep a diversified portfolio…
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The US financial system is precariously positioned following the failures of Silvergate (NYSE: SI), Silicon Valley Bank (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). Regulators have stepped in with emergency measures to contain the fallout from uninsured deposit funding and unrealized losses across asset portfolios, including the launch of the Bank Term Funding Program (BTFP).…
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Credit Suisse (SWX: CSGN) came under renewed strains on Wednesday as the company lost confidence of a key investor. In an interview, the head of Saudi National Bank warned that he will not provide more lifeline to the troubled bank. He cited the ongoing regulatory and statutory challenges. Credit Suisse has become a toxic wasteland…
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