$HAS

GBPJPY HAS MADE A HEALTHY RECOVERY ON FIBONACCI LEVELS

By Senad Karaahmetovic U.S. futures are trading higher on Monday after the U.S. equities secured a strong close to the last trading week. The S&P 500 closed 1.4% higher while the Dow Jones Industrial Average (DJIA) added 1.2%. The tech-focused Nasdaq Composite Index (IXIC) finished the week 1.65% higher. Thanks to the outperformance of mega-cap stocks like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), the S&P 500 is up 3.4% year-to-date. However, the equal-weighted index is down about 5.5%. With Microsoft and Apple up 17% and 23% year-to-date, respectively, BTIG analysts warn that the "clock is ticking for technology stocks as divergences grow larger." "We believe the risk is that these names, and therefore tech broadly, catch-down to other parts of the market and that is what ultimately moves the SPX lower." What happened last week? As was the case with the penultimate week, investors were laser-focused on the banks. Stocks outperformed on Friday after staging a big drop two days earlier on fears that the global banking crisis is not over. Late last week, investors were focused on the Deutsche Bank (ETR:DBKGn) with costs of insurance of the company's bonds rising sharply. "The banking turmoil is also a crisis of confidence, and these tend to take time to ease. While volatility may persist in the near term, we continue to believe that there are not yet signs of wide-scale contagion or systemic risk in the U.S. banking system," Edward Jones analysts wrote in a regular weekly note. The Fed hiked its key interest rate by 25 basis points, although the dovish forward forecast implies the end to the ongoing hiking cycle is near. Given that the Fed is likely to stop hiking soon, the outlook for the stock market looks more balanced now despite the increasing odds of a U.S. recession. "A further tightening in lending standards due to banking system pressures looks set to do the rest of the Fed’s job for them, dragging on economic growth and inflation but reducing the risk of further rate hikes," JPMorgan analysts said. Week ahead The banks managed to rally on Friday, helping the overall risk sentiment to improve heading into the weekend. No news over the weekend is good news, hence futures are up in early Monday trading. As far as economic data is concerned, the key release is the core personal consumption expenditures (PCE) report on Friday. Investors will be also closely following speeches of Fed officials, including congressional testimony by Vice Chair for Supervision Michael Barr on Tuesday and Wednesday and speeches by New York Fed President Williams and Fed Governor Waller on Friday. On the Fed front, the market is now pricing 8 bps of hikes in May, followed by 13 bps and 23 bps of cuts in June and July, respectively. This is despite Fed Chair Powell stating last week that the FOMC doesn't "see rate cuts this year." What analysts are saying about equities Goldman Sachs analysts: "Feels like the market will continue to compartmentalize these concerns amidst the background of yield curve pricing. The shift that could pour cold water on this trade would be a move in rates or inflation expectation, but look ahead to the catalysts of NFP next week and then CPI thereafter for markets to start to re-focus on these concerns." Morgan Stanley analysts: "With bond markets questioning the Fed's dot plot, bond volatility has increased markedly. We think stocks are next as investors realize earnings guidance looks unrealistic. This is when the ERP typically reprices, and stocks may finally get ahead of the downside we see in earnings estimates." Roth MKM analysts: "In our client conversations we still feel a large degree of pessimism for the outlook on equities. Recession is a foregone conclusion. New lows for stocks are expected… If equity correlations spike to one, we would become very concerned and frankly extremely negative, however rotation continues, and Technology remains an overweight, not simply due to relative outperformance but absolute performance as well." Edward Jones analysts: "We see opportunities forming in both the equity and bond space in the months ahead, beyond the more recent defensive posturing, as markets start to look past the economic downturn and toward a recovery… Investors can use near-term market volatility to rebalance, diversify and add quality investments at better prices ahead of a potentially more sustainable rebound to come." Jefferies analysts: "For equities, the question will be whether the drop in bond yields is enough to offset the drag on growth from tighter lending standards." JPMorgan analysts: "One should use the bounces to reduce exposure. We do not see these rebounds persisting, the policy mistake risk keeps building. In a nutshell, we do not expect a fundamental improvement in equities riskreward until the Fed is advanced with rate cuts." Fairlead Strategies analysts: "[S&P 500] short-term upside momentum is challenged by cloud-based resistance ranging up to ~4060. Importantly, the weekly MACD indicator is now on a “sell” signal after having been on a "buy" signal since early November, reflecting a meaningful loss of intermediateterm momentum. This makes it harder for the market to sustain rallies."

**Sierra_Chart Engineering:** For anyone who wants the CBOE Volatility Index these are the current and upcoming choices: 1. The CFE futures volatility index available with the Denali Data Feed. Cost: 3USD/month for the exchange fee. You will already have access to the Denali Data Feed on Service Packages: 10, 11 or 12. You will just need to activate the CFE Futures exchange. 2. There is the FXCM CFD volatility index symbol. This is VOLX. Here is an example of that: You can find this symbol in File >> Find Symbol >> CFD-FXCM. 3. Upcoming: We will also be providing the NASDAQ Global Indices data feed which has a version of the volatility index. This is upcoming. ------------------------------------------------------ Here is an example of the NASDAQ Global index equivalent of the CBOE volatility index: And here is the chart of the CBOE S&P 500 volatility index: We think the one from NASDAQ looks much better. This data feed is going to be available to our entire user base and will only have a cost of 1 USD per month additional. It will become available in April 2023. Just a few days from now. source: /SupportBoard.php?ThreadID=82210

By Scott Murdoch (Reuters) - First Citizens BancShares Inc said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank, closing one chapter in the crisis of confidence that has ripped through global financial markets. The Federal Deposit Insurance Corporation (FDIC), which took control of SVB earlier this month, said in a separate statement it has received equity appreciation rights in First Citizens BancShares stock with a potential value of up to $500 million as part of the deal. First Citizens said the transaction was structured to preserve its solid financial position and the combined company remains resilient with a diverse loan portfolio and deposit base. Under the deal, unit First–Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion. "Prudent risk management approach will continue to protect customers and stockholders through all economic cycles and market conditions," the statement said. First Citizens Bank will also receive a line of credit from the FDIC for contingent liquidity purposes and will have an agreement with the regulator to share losses to provide further downside protection against potential credit losses, it added. SVB was the largest bank since the 2008 financial crisis to collapse when California regulators closed the bank on March 10 which sparked massive market disruption and heightened stresses across the banking sector globally. "The move is positive for financial stability and the venture capital industry," said Gary Ng, senior economist at Natixis Hong Kong, though he added was not completely clear whether SVB's role in the venture capital industry would be carried over by the new entity going forward. Based in Santa Clara, SVB was ranked as the 16th biggest lender in the U.S. at the end of last year, with about $209 billion in assets. The FDIC said the purchase of about $72 billion of SVB's assets came at a discount of $16.5 billion. "The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) to be approximately $20 billion. The exact cost will be determined when the FDIC terminates the receivership," it said. Approximately $90 billion in securities and other assets from SVB will remain in receivership for disposal, the regulator added. From Monday, SVB's 17 former branches will begin operating as Silicon Valley Bank, a division of First Citizens Bank. First Citizens has around $109 billion in assets and total deposits of $89.4 billion.

Chris has swing trade and Day Trade systems 50 to 75% finished. If he ever get's to at least 90%, I told him the cash flow will come. He'll have a Gold Mine.

if $EGO can crack this 10$ has some air

By Peter Nurse Investing.com - European stock markets are expected to open lower Friday on concerns of slowing economic growth as the banking crisis drifts on. At 03:10 ET (07:10 GMT), the DAX futures contract in Germany traded 0.4% lower, the FTSE 100 futures contract in the U.K. fell 0.6%, while CAC 40 futures in France traded largely unchanged. The European banking sector has shown some signs of stability this week, but selling by the smaller regional U.S. banks resumed on Thursday even as Treasury Secretary Janet Yellen sought to reassure investors. Yellen reiterated on Thursday that she was prepared to take further action to ensure that Americans' bank deposits stay safe, but the strains are showing as borrowing at the Federal Reserve’s discount window was a hefty $110.2 billion as of Wednesday. Additionally, lending from the Fed's new Bank Term Funding Program ballooned to $53.7B, while loans to foreign central banks surged to $60B. At the same time, central banks are continuing their clamp down on inflation, likely weighing on economic activity, as the Bank of England and the Swiss National Bank both hiked interest rates again on Thursday, following last week’s European Central Bank hike. Citigroup cut its target for the Stoxx 600 index, expecting the benchmark to end the year at 445 points — around its current level — down from a 475-point forecast issued just last month. “Volatility in the global banking sector should shift investors’ attention to recession risks and deteriorating fundamentals,” said Citi, in a note, expecting company earnings to contract 5% to 10% this year. ECB President Christine Lagarde is set to speak at the European Council meeting later in the session, while European PMIs will be studied carefully as they could have a bearing on monetary policy and markets. U.K. retail sales rose a stronger-than-expected 1.2% on the month in February, an improvement from the revised 0.9% rise seen in January, which translated into a drop of 3.5% on an annual basis. Oil edged higher Friday, ending a largely positive week on the up despite U.S. officials expressing caution over the length of time it would take to refill the country’s Strategic Petroleum Reserve, which has fallen to a near 50-year low. U.S. Energy Secretary Jennifer Granholm said on Thursday that it will be “difficult” to refill government oil reserves this year, undermining previous indications that the Biden administration will begin restocking if prices traded around $67 to $72 a barrel. By 03:10 ET, U.S. crude futures traded 0.5% higher at $70.32 a barrel, while the Brent contract climbed 0.5% to $76.25. Both crude benchmarks are still on track for a weekly gain of about 3%-4%, recovering from their biggest weekly declines in months last week as the banking sector exacerbated worries about a possible recession. Additionally, gold futures fell 0.3% to $1,990.55/oz, while EUR/USD traded largely flat at 1.0831.

well, the market has been too wild lately, especially NVDA and TSLA ..... we experienced the most volatile moves

Chris has a good system and it has just been beaten down. I think it will come back.

When your competing against Professionals, its best to have somebody who has all the tools is my take on it.

I'll be more interested in swing trades when Chris brings options into it. Chris has some good things going, but just needs to get healthy and focus on what's working.

**PivotBoss Pre-Market Video [March 23, 2023]: Strong Rejections Develop Post FOMC** MARCH 23, 2023 — THURSDAY AM The ES, NQ, and YM have all developed strong bearish rejections after Wednesday's FOMC Statement and Rate Decision, and bears will be looking to sell into morning strength for a shot at late-day weakness. The NQ has rejected 13k and the YM rejected 33k, both important retests that could lead to another swing move down ahead. Crude Oil is still battling 70, and Gold is trying to establish acceptance above the key 1960 level.

The world has $350Trill of debt and approx $100 Trill of GDP. the debt rolls over on an average term of 5 yrs. so $70 Trill needs refinancing each year. when this years amount last got refinanced in 2017

FED'S POWELL: POLICY HAS TO BE TIGHT ENOUGH TO BRING DOWN INFLATION, SOME OF THAT TIGHTNESS CAN COME FROM CREDIT CONDITIONS.

POWELL: POSSIBLE TIGHTENING IN CREDIT CONDITIONS MAY MEAN MONETARY TIGHTENING HAS LESS WORK TO DO

By Amruta Khandekar and Shubham Batra (Reuters) - Wall Street's main indexes edged lower on Wednesday, ahead of the outcome of the Federal Reserve's rate-setting meeting in which the central bank will seek to balance inflation and banking sector concerns. Traders have halved the size of the expected interest rate hike to 25 basis points following troubles in the banking sector, with some pointing to the Fed's aggressive monetary tightening over the past year as one of the reasons for the crisis. Analysts have said a pause was unlikely as it would indicate the banking turmoil, sparked by the failure of two U.S. regional lenders, had rattled the central bank. The U.S. central bank's two-day policy meeting will end at 2 p.m. ET (1800 GMT), with investors keenly awaiting Fed Chair Jerome Powell's conference at 2:30 p.m. ET to gauge the central bank’s rate-hike trajectory. "In order to solve the banking problem, you really have to go back down to very low interest rates and I don't think that's going to happen," said Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest. "What you're going to wind up with is a Fed that will probably be a little bit more focused on inflation and they're going to deal with the banking situation as it comes up." Eight of the S&P's 11 major sectors were in the red, with rate-sensitive real estate stocks falling 1.9% to their lowest level since Nov. 4. Apple Inc (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) Corp, up 0.4% and 2.4% respectively, helped limit losses for the broader markets. Wall Street's main indexes notched gains in the past two straight sessions, after the rescue of Credit Suisse as well as measures by central banks to boost liquidity helped soothe some worries about risks to other banks. However, a scramble by troubled regional U.S. lender First Republic Bank (NYSE:FRC) to secure a capital infusion has kept alive some worries about the banking sector. Shares of First Republic slid 4.4%, with a Bloomberg News report on Tuesday stating the bank's rescue could rely on backing from the U.S. government to facilitate a deal. Shares of its peer PacWest Bancorp were down 7.9%, while Western Alliance (NYSE:WAL) Bancorp was marginally up 0.1%. U.S. Treasury yields rose, with the yield on the two-year note, which best reflects interest rate expectations, last at 4.212%. At 9:42 a.m. ET, the Dow Jones Industrial Average was down 31.96 points, or 0.10%, at 32,528.64, the S&P 500 was down 4.51 points, or 0.11%, at 3,998.36, and the Nasdaq Composite was down 17.73 points, or 0.15%, at 11,842.38. Among other stocks, Virgin Orbit Holdings Inc soared 42.3% after Reuters reported the company is near a deal for a $200 million investment from Texas-based venture capital investor Matthew Brown. GameStop Corp (NYSE:GME) jumped 32.1% after the company posted a surprise profit for the fourth quarter, helped by lower costs and job cuts. Carvana Co (NYSE:CVNA) rose 17.8% after the used-car retailer forecast smaller core loss in the current quarter due to a raft of cost-cut measures. Declining issues outnumbered advancers by a 1.56-to-1 ratio on the NYSE a 1.75-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and four new lows, while the Nasdaq recorded 13 new highs and 34 new lows.

**Market Update – March 22: Stocks build a rally ahead of Banks!** Stocks Rallied! Asian stock markets have followed Wall Street higher, GER40 and UK100 futures are also posting slight gains, while US futures are narrowly mixed as markets wait for the FOMC announcement later today. Even though concern over global financial stability is easing and risk appetite has improved, with central banks expected to tighten policy further there is still some nervousness ahead of the announcement, as fears that aggressive action will add further pressure continue to weigh. __Read More:__ https://analysis.hfeu.com/en-eu/674927/

**PivotBoss Pre-Market Video [March 22, 2023]: Fed Day is Here** The ES, NQ, and YM have all developed narrow ranges above wHI heading into this afternoon's FOMC Statement and Rate Decision. A failure to hold above wHI opens up wCL/wMID below. Gold has seen a strong rejection of prices above 2000, which could open up a return to 1830 below. Crude Oil needs back above 70 to open up a bounce back toward 80.50. Failure to get back above 70 opens up new lows below.

this app has a lot of deficiencies

the volume is people opening contracts today > @Navneet said: when no one has opened contract today

when no one has opened contract today

nobody has bought or sold it before today

GJ HAS UPSIDE POTENTIAL TO 163.000

By Peter Nurse Investing.com - European stock markets are expected to open higher Tuesday as signs of confidence returning to the banking sector emerge ahead of the start of the latest Federal Reserve policy-setting meeting. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 0.6% and the FTSE 100 futures contract in the U.K. rose 0.5%. Investors have taken some heart from the rescue of troubled lender Credit Suisse (SIX:CSGN) by its Swiss rival UBS (SIX:UBSG), with UBS’s shares closing trade on Monday higher after sharp early losses were pared by the end of the day. There remain concerns about the risk of shockwaves on smaller U.S. banks, as well as potential ructions in the bond markets after the losses imposed on Credit Suisse’s junior bondholders. Attention is now on this week's meeting of the Federal Reserve, with its two-day get-together starting later this session. The turmoil in the banking sector has created a degree of uncertainty over whether the U.S. central bank will continue to lift interest rates to fight elevated inflation. European Central Bank President Christine Lagarde implied on Monday that the current financial market disorder could mean that the central bank can stop hiking interest rates earlier than previously expected. "Clearly financial stability tensions might have an impact on demand and might actually do part of the work that would otherwise be done by monetary policy and interest rate hikes," Lagarde told European lawmakers. The ECB raised its benchmark interest rates by 50 basis points to 3% last week, and Lagarde reaffirmed that the inflation outlook alone would warrant more rate hikes. The main economic release due Tuesday will be Germany’s ZEW survey of economic sentiment for March, which is expected to show a drop to 17.1 from 28.1. In corporate news, RWE (ETR:RWEG) will be in the spotlight after Germany's largest utility announced plans to increase its dividend even as it expects operating profit to fall in 2023, citing lower margins at its gas-fired power plans. Oil prices fell Tuesday as market confidence remained frail after a week of turmoil in the banking sector and ahead of a Federal Reserve interest rate decision this week. The American Petroleum Institute is scheduled to release its estimate of U.S. crude inventories later in the session. They rose by just over 1 million barrels last week, resuming their climb after a one-week decline, The API numbers serve as a precursor to official inventory data on the same due from the U.S. Energy Information Administration on Wednesday. By 03:00 ET, U.S. crude futures traded 0.6% lower at $67.44 a barrel, while the Brent contract dropped 0.6% to $73.36. Additionally, gold futures fell 0.1% to $1,980.00/oz, while EUR/USD traded 0.1% lower at 1.0708.

(Reuters) - U.S. banking stocks rose on Monday and Europe's lenders recovered from a sharp early sell-off after UBS Group's state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. UBS agreed to buy rival bank Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. DEVELOPMENTS * In a global response not seen since the height of the pandemic, the Fed said it had joined central banks in Canada, England, Japan, the EU and Switzerland in a co-ordinated action to enhance market liquidity. * Switzerland awoke to a new era with a considerable dent in the country's long-held pride in its banking expertise. * The Swiss Bank Employees Association said it was "deeply shocked" by the takeover and called on UBS to keep job cuts to an "absolute minimum". Credit Suisse staff also fretted over the future amid "business as usual". * Under the deal, 16 billion Swiss francs ($17 billion) of Credit Suisse's Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator. What is AT1 debt? * Euro zone and UK banking supervisors England tried to stop a rout in convertible bank bonds, saying that owners of this type of debt would only suffer losses after shareholders have been wiped out. * Switzerland's two biggest political parties sharply criticised the takeover, saying multi-billion state support for the deal created enormous risks for the country. MARKET REACTION * Europe's bank shares fought back from an early slump on Monday and a cross-asset scramble for safety looked to have eased. * S&P, Dow gain as investors weigh bank risks, Fed rate-hike pause. Dollar slides. * Europe's bank bonds battered after Credit Suisse debt wipeout. ANALYSIS * Credit Suisse rescue presents 'buyer beware' moment for bank bondholders * UBS swallows doomed Credit Suisse, casting shadow over Switzerland * Big money captivated by banking drama as investors brace for more turmoil RELATED NEWS * A subsidiary of New York Community Bancorp (NYSE:NYCB) has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank (NASDAQ:SBNY), which was closed a week ago. * Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks. * Did SVB break the Fed? Officials mull risks of more rate increases.

$CS (-58.7% pre) $UBS agrees to buy Credit Suisse for more than $2 billion, Financial Times reports http://ooc.bz/l/123758 $UBS (-2.5% pre) UBS shares slide 5%, $CS Credit Suisse craters 60% after takeover deal - CNBC http://ooc.bz/l/123760 $CS (-58.7% pre) Credit Suisse says $17 billion debt worthless, angering bondholders - Reuters http://ooc.bz/l/123762 $GS (-0.2% pre) Goldman Sachs prepares claims trading for wiped-out $CS Credit Suisse debt - Bloomberg News http://ooc.bz/l/123764 French insurer AXA has about $640 mln exposure to Credit Suisse - Reuters http://ooc.bz/l/123766 Bank shares slide as $CS Credit Suisse rescue fails to quell contagion fears - Reuters http://ooc.bz/l/123768 $CS (-58.7% pre) Credit Suisse’s AT1 Bond Wipeout Seen as an Exception in Europe - BBG http://ooc.bz/l/123770 Banks’ Riskiest Bonds Sink as $CS Credit Suisse Wipeout Jolts Market - BBG http://ooc.bz/l/123772 $CS $UBS Exclusive: Credit Suisse says some clients may want to move wealth assets after UBS deal - Reuters http://ooc.bz/l/123774 $CS (-58.7% pre) How Scandal and Mistrust Ended Credit Suisse’s 166-Year Run - BBG http://ooc.bz/l/123776 $UBS (-2.5% pre) ‘Shotgun wedding’: What the UBS rescue of $CS Credit Suisse means for global markets - CNBC http://ooc.bz/l/123778 Saudi National Bank loses over $1 billion on $CS Credit Suisse investment - CNBC http://ooc.bz/l/123779 $FRC (-20.5% pre) First Republic shares fall as private placement report stirs fresh liquidity fears - Reuters http://ooc.bz/l/123780 $FRC (-20.5% pre) First Republic shares slide Monday after a credit rating downgrade - CNBC http://ooc.bz/l/123783 $FRC (-20.5% pre) First Republic Bank (FRC) selloff continues as S&P cuts rating again, says $30B infusion may not be enough - SI http://ooc.bz/l/123785 $FRC (-20.5% pre) First Republic Bank Looms Large for U.S. Regulators After Credit Suisse Sale - WSJ http://ooc.bz/l/123787

(Reuters) - UBS agreed to buy rival bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities to avoid further market-shaking turmoil in global banking. DEVELOPMENTS * Equity futures and Asian stocks struggled to stabilise on Monday, despite initial investor relief over the weekend deal to rescue Credit Suisse and promises of liquidity from central banks. * Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern. * The Swiss Bank Employees Association said on Monday it was "deeply shocked" by the takeover of Credit Suisse and called on UBS to keep job cuts to an "absolute minimum". * The deal includes 100 billion Swiss francs ($108 billion) in liquidity assistance for UBS and Credit Suisse from the Swiss central bank. * The European Central Bank said on Sunday a Swiss rescue of Credit Suisse was "instrumental" for restoring calm on financial markets but it remained ready to support euro zone banks with loans if needed. * UBS Chairman Colm Kelleher said the bank wants to keep Credit Suisse's Swiss unit, speaking at a news conference announcing the merger between Switzerland's two biggest banks on Sunday. "It is a fine asset that we are very determined to keep and hopefully service their customers and clients as efficiently as Credit Suisse has done," Kelleher said. MARKET REACTION * Standard Chartered (OTC:SCBFF) Plc and HSBC shares each fell more than 6% in Hong Kong on Monday to more than two-month lows. The MSCI index for financial stocks in Asia ex-Japan was down 1.3%. * Safe-haven currencies the yen and U.S. dollar recovered from early steep declines and the risk-sensitive Australian and New Zealand dollars flipped to losses. QUOTES MAX GEORGIOU, ANALYST, THIRD BRIDGE, LONDON: "Today is one of the most significant days in European banking since 2008, with far-reaching repercussions for the industry. These events could alter the course of not only European banking but also the wealth management industry more generally." OCTAVIO MARENZI, CEO, OPIMAS, VIENNA "Switzerland’s standing as a financial centre is shattered – the country will now be viewed as a financial banana republic. The Credit Suisse debacle will have serious ramifications for other Swiss financial institutions. A country-wide reputation with prudent financial management, sound regulatory oversight, and, frankly, for being somewhat dour and boring regarding investments, has been wiped away. RELATED NEWS * The U.S. Federal Deposit Insurance Corp (FDIC) is planning to relaunch the sale process for Silicon Valley Bank after failing to attract buyers in its latest auction, with the regulator seeking a potential break-up of the failed lender, according to people familiar with the matter. One of the options under consideration by the regulator is a sale process for the private bank of SVB for which bids are due on Wednesday, according to one of the sources, who requested anonymity as these discussions are confidential. * Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks. "I think that lifting the FDIC insurance cap is a good move," Senator Elizabeth Warren, a Democrat, said on CBS's "Face The Nation" program, referring to the Federal Deposit Insurance Corporation's current $250,000 limit per depositor.

but the pandemic has accelerated e-commerce for sure so stage analysis might be somewhat moot

Getting a lot of offers lately from other trading sites to join their room for high monthly fees. Shows how desperate and unprofitable the market has become. Those who can't trade teach. Don't fall for it. Ivtrades is still the best bang for the buck!

"Credit Suisse has been informed by FINMA that FINMA has determined that Credit Suisse’s Additional Tier 1 Capital (deriving from the issuance of Tier 1 Capital Notes) in the aggregate nominal amount of approximately CHF 16 billion will be written off to zero."

Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s price over the next 90 days, predicting the cryptocurrency will reach $1 million by June 17.

CREDIT SUISSE DID NOT HAVE IMMEDIATE COMMENT; IT HAS PREVIOUSLY SAID ITS CAPITAL AND LIQUIDITY BASIS "IS VERY STRONG"

HSBC PRIVATE BANKING BUSINESS SCRUTINIZING LOANS LINKED TO CREDIT SUISSE SECURITIES; HAS NOT MADE A FINAL DECISION -RTRS

I wonder what % of HTM accounts are invested in commercial property. For instance SF vaccancy rate has risen from 4% to 32% in 3years. Meanwhile rates thru the roof. These properties due to take much bigger haircut than bonds. NY 22% How long till keys returned, Next foot to fall

By Pete Schroeder, Tom Westbrook and Scott Murdoch (Reuters) - A $30 billion lifeline for First Republic Bank (NYSE:FRC) hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender's shares showed investors were still worried about cracks in the sector. Large U.S. banks injected the funds into San Francisco-based bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. The deal was put together by top power brokers including U.S. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase CEO Jamie Dimon, who had discussed the package this week, according to a source familiar with the situation. The package came less than a day after Swiss bank Credit Suisse clinched an emergency central bank loan of up to $54 billion to shore up its liquidity. Those deals helped restore calm to global markets on Thursday and Friday, following a torrid week for banking stocks. However, while First Republic's stock closed up 10% on news of the rescue, its shares fell 18% in after-market trading after the bank said it would suspend its dividend and disclosed its cash position and just how much emergency liquidity it needed. Analysts says authorities appear eager to quickly deal with systemic risks, but worry the potential for a banking crisis is far from over. "They will keep the money in First Republic to keep it alive for self interest ... to stop the run on banks. Then they will take it away gradually and the bank will play out a slow death," said Mathan Somasundaram, founder at research firm Deep Data Analytics in Sydney. "Yellen was clear overnight that all bank deposits were protected, but the bank might not be there," he said. Some of the biggest U.S. banking names including JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), Wells Fargo (NYSE:WFC) & Co, Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) were involved in the rescue, according to a statement from the banks. While the support has prevented an imminent collapse, investors were startled by late disclosures about First Republic's cash position, even after the injection, and just how much it and others leaned on the Fed this month for support. Data on Thursday showed banks in the United States sought record amounts of emergency liquidity from the Fed in recent days, driving up the size of the central bank's balance sheet after months of contraction. More broadly, worries about contagion risks persist. "I don't think we are in the crux of a global financial crisis. Balance sheets are much better than they were in 2008, banks are better regulated," said Karen Jorritsma, head of Australian equities, RBC Capital Markets. "But people are concerned that the contagion risk is real, and that rattles confidence." LESSONS FROM 2008 For now, authorities are confident the banking system is resilient and have tried to emphasise that the current turmoil is different to the global financial crisis 15 years ago as banks are better capitalised and funds more easily available. On Thursday, the European Central Bank pressed forward with a 50-basis-point rate hike, arguing that euro zone banks were in good shape and that if anything, the move to higher rates should bolster their margins. Focus now swings to the Fed's policy decision next week and whether it will stick with its aggressive interest rate hikes as it seeks to get inflation under control. In Asia, Singapore, Australia and New Zealand said they were monitoring financial markets but were confident their local banks were well capitalised and able to withstand major shocks. Japan's finance ministry, financial regulator and central bank said they would meet on Friday to discuss financial market developments. Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to bond-related losses that piled up when interest rates surged last year, raising questions about what else might be lurking in the wider banking system. Within days, the market turmoil had ensnared Credit Suisse, forcing it to borrow from Switzerland's central bank. By Thursday, the spotlight whipsawed back to the United States as big banks shored up support for First Republic, a regional lender. Its shares have dropped more than 70% since March 6. " onerror="this.style.display='none'" class="msg-img" /> Credit Suisse became the first major global bank to take up an emergency lifeline since the 2008 financial crisis as fears of contagion swept the banking sector and raised doubts over whether central banks will be able to sustain aggressive rate hikes to rein in inflation. Rapidly rising rates have made it harder for some businesses to pay back or service loans, increasing the chances of losses for lenders already worried about a recession. Credit Suisse shares closed 19% higher on Thursday, recovering some of their 25% fall on Wednesday. Since March 8, European banks have lost around $165 billion in market value, Refinitiv data shows.

GJ HAS HAD A MASSIVE RECOVERY

By Geoffrey Smith Investing.com -- The European Central Bank raised its key interest rates by 50 basis points on Thursday, pressing on with its fight to tame inflation despite signs of stress in the financial system resulting from earlier rate hikes. However, the bank dropped from its statement any reference to further interest rate hikes, a significant shift from its previous messaging. That comes in a week when global financial markets have been rattled by the collapse of three mid-sized U.S. banks, and by concerns for the viability of Swiss lender Credit Suisse (NYSE:CS), one of the world's 'systemically important' banks. Credit Suisse was handed a $54 billion lifeline and a vote of confidence by the Swiss National Bank overnight. The interest rate on the ECB's main refinancing operations will rise to 3.50%, while the deposit facility rate will rise to 3.0% and the marginal lending rate to 3.75%. The bank also said it will continue to reduce its balance at the current rate of around €15B a month. "Inflation is projected to remain too high for too long," the ECB said in a statement accompanying its decisions. But the rest of the statement consisted of several hints that it could quickly reverse course if the current bout of volatility threatened to derail the economy. "The Governing Council is monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability," the ECB said. It added that it considers the banking sector "resilient, with strong capital and liquidity positions." "In any case, the ECB’s policy toolkit is fully equipped to provide liquidity support to the euro area financial system if needed and to preserve the smooth transmission of monetary policy," the bank summed up. "This has the feel of a last rate hike," said G+ Economics founder and CEO Lena Komileva via Twitter. "With a large systemic and growth tail risk attached." The ECB's latest set of forecasts, published on Thursday, show inflation still running just above the bank's medium-term target of 2% in 2025. At the same time, it raised its growth forecasts for the single currency bloc, and now sees GDP growth of 1% this year. It also revised up its forecasts for 2024 and 2025. However, the new growth and inflation forecasts were finalized before the outbreak of market volatility last week, and are therefore subject to a higher degree of uncertainty than usual, the bank said.