Bank woes continue to be the biggest issue for the global markets. Over the weekend one of the top 20 largest banks in the world failed and had to be bailed out. Credit Suisse was essentially forced to merge with United Bank of Switzerland. It was known that they had issues previously but the scope of those issues was grossly underestimated. Currently the stock is trading slightly above its buyout price of 75 cents.
📈Banks woes continue too....
📈Banks woes continue too....
📈Banks woes continue too....
Bank woes continue to be the biggest issue for the global markets. Over the weekend one of the top 20 largest banks in the world failed and had to be bailed out. Credit Suisse was essentially forced to merge with United Bank of Switzerland. It was known that they had issues previously but the scope of those issues was grossly underestimated. Currently the stock is trading slightly above its buyout price of 75 cents.