Market news: The Federal Deposit Insurance Corporation has partnered with Piper Sandler to restart the plan to sell Silicon Valley Bank.
In addition, the US Treasury Department said it is closely monitoring the situation at Credit Suisse and is in contact with its global counterparts. "Dr. Doom" Roubini said that the risk of Credit Suisse's bankruptcy cannot be ruled out.
According to the Financial Times, Credit Suisse (CS.N) shares plummeted during both the European and US trading hours, triggering a plunge in more European and American bank stocks, and Credit Suisse called on the Swiss National Bank to publicly support it. Two people familiar with the matter said that Credit Suisse also asked the Swiss financial regulator Finma to support it, but both institutions have not yet decided to intervene publicly. Opimas analyst Octavio Marenzi said that the Swiss National Bank may have to intervene and help Credit Suisse, which seems inevitable. The Swiss National Bank and the Swiss government must be fully aware that the bankruptcy of Credit Suisse, or even any losses of depositors, will destroy Switzerland's reputation as a financial center. (Jinshi) #antiscam #BNB
