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In today's video, we'll be discussing how the global banking crisis is getting worse.

We will be discussing examples such as Credit Suisse, First Republic Bank, and Pacific Western Bank.

Credit Suisse was just a few months into a restructuring process that included separating its investment banking unit and focusing on its wealth management business.

Credit Suisse ended up borrowing $54.5bn from the Swiss National Bank to strengthen liquidity but it wasn’t enough.

UBS buys Credit Suisse for $0.76 a share, a 99% decline from CS’s peak share price in 2007.

Now let's get back to the States...

Despite receiving $30bn in deposits from various banks, First Republic Bank is still struggling and may need government help.

20% of Pacific Western Bank’s deposits have been withdrawn since the start of the year.
It has raised $1.4bn in cash and borrowed $15bn from the government in order to boost liquidity.

There are more and more cracks showing.

Watch until the end of the video to learn more and see how you can protect yourself.

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⏰ Timestamps ⏰:
0:00 - Intro
0:29 - Trouble For Euro Banks (Credit Suisse)
2:44 - Government Says That It's OK
4:37 - Bank Problems Continue To Pile Up
6:08 - moomoo Spot
8:30 - Increase in Govt Help
12:20 - Fed Raises Rates Anyway
13:52 - Lending is Tight
15:54 - How To Position Yourself
17:20 - My Thoughts
20:10 - SPECIAL GUEST ANALYST

ABOUT ME 👇

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort to every video that I make. I also believe in complete transparency and open communication with my audience.

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