- U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap (cnbc)
- “The market stops panicking when central banks start panicking” (zerohedge)
- Elizabeth Warren Slams Powell for Weak Regulation, Oversight of SVB (bloomberg)
- UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In; Swiss Govt Grants CHF9BN Guarantee; SNB Offers $100 Billion Liquidity Backstop (zerohedge)
- The Longer It Takes The Fed To “Go Big”, The Deeper The Damage Will Be, And The Bigger The “Big” Will Be (zerohedge)
- Mega-cap Tech is the new Safe Haven (zerohedge)
- UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis (bloomberg)
- Fed and Global Central Banks Move to Boost Dollar Funding (bloomberg)
- Warren Says She Favors Increasing FDIC’s Deposit Insurance Cap (bloomberg)
- China’s Surprise RRR Cut Puts Focus on Bank Lending Rates (bloomberg)
- S. bank deposit outflows, unrelated to Credit Suisse, have stabilized, U.S. official says (reuters)
- Credit Suisse’s $17 Billion of Risky Bonds Are Now Worthless (bloomberg)