Be in the know. 12 key reads for Monday…

  1. U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap (cnbc)
  2. “The market stops panicking when central banks start panicking” (zerohedge)
  3. Elizabeth Warren Slams Powell for Weak Regulation, Oversight of SVB (bloomberg)
  4. 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)
  5. The Longer It Takes The Fed To “Go Big”, The Deeper The Damage Will Be, And The Bigger The “Big” Will Be (zerohedge)
  6. Mega-cap Tech is the new Safe Haven (zerohedge)
  7. UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis (bloomberg)
  8. Fed and Global Central Banks Move to Boost Dollar Funding (bloomberg)
  9. Warren Says She Favors Increasing FDIC’s Deposit Insurance Cap (bloomberg)
  10. China’s Surprise RRR Cut Puts Focus on Bank Lending Rates (bloomberg)
  11. S. bank deposit outflows, unrelated to Credit Suisse, have stabilized, U.S. official says (reuters)
  12. Credit Suisse’s $17 Billion of Risky Bonds Are Now Worthless (bloomberg)