...and somehow these guys are expected to 'fix' FRC?

...are the 'bailouts' a dud?

"Shareholders should get zero” because “it’s crystal clear that AT1s are senior to stocks."

The Economist remains undefeated in its ability to top tick market trends!

...and contagion is not always fully logical: Credit Suisse’s tier 1 capital ratio was higher than DB’s.

"The current run of problems with banks presents Powell with his Volcker moment – carry through on the promise to pull growth below trend and move unemployment higher – or back away at the first time of trouble."

plan could involve the banks converting some or all of the $30 billion in deposits into a capital infusion

Banks are not the cause of a crisis. They are the symptoms of the accumulation of excessive risk throughout the economy...

Financial assistance is the Chekhov’s gun of banking: mention it and it is very likely that it will be used before the end of the play...

Potential jobs on the cutting block: "Amazon Web Services, human resources, advertising and the Twitch live streaming service groups." 

"Many funds were long ‘the higher for longer’ trade via long European banks and short short-term bonds, which was very crowded. The recovery potential for banking stocks is limited as many investors are more cautious now."

It seems that the half-life on positive risk sentiment is troublingly short. Understandably so, trying to be neutral...

Recent company highlights include planning a reverse split and getting tossed from the S&P SmallCap 600 Index. 

...a “strong wake-up call” to those who still believe that financial markets are not yet in a crisis...

...the rally in gold (balance sheet growth) and bitcoin (a massive anti-bank, anti-establishment sentiment) make sense.

"The turmoil still has at least a couple of days to play out, and only the Fed can come in and calm that"

"Let me be very specific on this: UBS intends to downsize Credit Suisse's investment banking..."