Remember that banks always go bankrupt Friday after close…

Credit Suisse still tumbling despite huge liquidity support..

Now sources tell Reuters that "scenarios being considered" over the weekend

Remember that banks always go bankrupt Friday after close pic.twitter.com/DKi6ldN2JA

— AndreasStenoLarsen (@AndreasSteno) March 17, 2023

Monday, #CreditSuisse won't be there anymore. It will be called #UBS or #SNB.

While this erases the odds that a Global Systemically Important Bank will fail, there can be little trust in central banks and regulators stating banks are meeting capital and liquidity requirements. t.co/5LRDtCEHba pic.twitter.com/hbhNRtCzNl

— jeroen blokland (@jsblokland) March 18, 2023

The market is on the verge of a Lehman-style event as the financial world thrashes in the wake of global banking turmoil, veteran trader Art Cashin says

From stocks to credit to inflation breakevens and the dollar, the message is one of growing pessimism about economic growth that hasn’t morphed into panic about systemic collapse — yet.