Be in the know. 16 key reads for Thursday…

  1. What Is Bill Ackman Up To? (institutional investor)
  2. What the takeover of Credit Suisse means for UBS (ft)
  3. The Treasury Secretary caused jitters by saying there were no plans to extend deposit insurance at banks. (barrons)
  4. Tech’s Tencent Leads Rally in China (barrons)
  5. The Fed’s New Wait-and-See Strategy: Banking Mess Makes Powell More Tentative (barrons)
  6. ‘Contracts are made to be honored.’ Billionaire investor David Tepper lashes out against Credit Suisse bond writedown (marketwatch)
  7. The Fed Signaled an End to Rate Hikes. Why Investors Still Aren’t Happy. (barrons)
  8. Tencent Leads Rally in Hong Kong. Tech Stocks Get a Fed Boost. (barrons)
  9. PacWest Bank Taps Credit Lines After 20% Drop in Deposits (nytimes)
  10. Jack Dorsey’s Block Falls After Hindenburg Says It’s Short the Stock (bloomberg)
  11. Ackman Warns of Accelerated Deposit Outflows After Fed Decision (bloomberg)
  12. How Barbara Corcoran got rich: ‘I try harder’ and ‘work twice as hard’ (cnbc)
  13. Olive Garden parent raises revenue outlook as same-store sales jump (cnbc)
  14. The US banking system may not be as strong as Powell and Yellen are saying, market veteran Ed Yardeni says (businessinsider)
  15. Did UBS Just Get the Deal of the Decade? (wsj)
  16. JPM: “$1.1 Trillion Has Exited The Most Vulnerable Banks” (zerohedge)