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March 16th, 2023 
Awake Goy 
Always been inevitable hasn’t it? For those who have been watching decades. EWR
From Health Impact News
Switzerland’s second largest bank, Credit Suisse, which has been experiencing bank runs and plummeting stock valuations since the end of 2022, became the first SIFI (systemically important financial institution), or “too big to fail” bank, to crash today forcing regulators to step in and ensure a bailout.
The Saudis almost single-handedly crashed the U.S. Stock Market (and stock markets around the world) this morning when they announced that they were not going to put any more money into the failed Swiss bank.
Problems at Switzerland’s second-biggest lender are causing stocks around the world to falter—and reigniting fears for the banking sector.
On Wednesday, Credit Suisse ‘s top shareholder said in a Bloomberg interview that it wouldn’t invest additional money in the Swiss bank. Saudi National Bank Chairman Ammar Al Khudairy told the media outlet that taking a stake of more than 10% in Credit Suisse would trigger regulatory complications.
That pushed shares of Credit Suisse to a new low on Wednesday. The stock closed down 24% in Zurich and its American depositary receipts (CS) were down 25% in U.S. trading. (Full article.)
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Photo credit: healthimpactnews.com
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