Episode Details

The guys discuss UBS's acquisition of Credit Suisse as the banking industry continues to live in turmoil. As was the case with other failing banks, cash outflows on deposits far outweighed the available assests, causing a run on the bank to wipe their assests available completely dry. CoCo bonds are being issues to help bolster capital for banks that are flailing.

For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings

Please see disclosures:
https://www.narwhalcapital.com/disclosure