To The Moon

Two US banks failed and were subsequently bailed out by the US government. The market reacted positively at first, but the good news was short-lived. Soon after, news broke of Credit Suisse running into trouble in Europe.Now, let's catch up with the situation at Credit Suisse.Why is Credit Suisse important?Credit Suisse is among the 30 global financial institutions designated as systematically important by the Financial Stability Board, indicating that they are deemed "too big to fail." The significance of this designation lies in the potential repercussions of such institutions collapsing.In contrast, Silicon Valley Bank and Signature Bank are relatively smaller than Credit Suisse. However, if Credit Suisse were to fail, the banking crisis could worsen and spread more widely due to the ma

On Thursday, 11 U.S. banks led by $JPMorgan Chase(JPM)$ , $Bank of America(BAC)$ , and $Citigroup(C)$ banded together to inject $30 billion in uninsured deposits into stumbling lender $First Republic Bank(FRC)$ .Fears of a global banking crisis have eased following the rollout of multi-billion-dollar lifelines for troubled lenders in Europe and the United States. Stocks rose in China, Japan, South Korea, Malaysia, Australia, the Philippines and Hong Kong on Friday: China’s blue-chip index gained 0.8%, while