The giants of the banking system started to experience heavy FUD on themselves. Obviously, people do not fear for no reason, actually, all these problems showed up because of the problems being covered since 2008.
The systematic problems force Central Banks and the giant banks to agree on riskier deals for themselves. The existing banking system is based on credibility of some parties to get some money and utilize fractional banking facilities to leverage their gains.
As the fear in markets has an immense impact on the well-being of service providers, they can be altcoin projects or the banks, there must be proactive solutions for the growing negative vibe surrounding them.
CS: The Elephant in the Room
Credit Suisse is an important bank in the system as the collapse of it may trigger an unavoidable financial crisis all around the world. Now that there is a serious problem in the midst of the chains, it should be, one way or another, saved or some parties should pretend as if they are here to rescue.
UBS is set to acquire Credit Suisse for the sake of the system rather than its well-being. Already there are tens of banks that are likely to experience their inevitable fall but Credit Suisse is big and troublesome.
Look at the chart of UBSG after it agrees to pay 3 Billion Swiss Francs for CS
According to the news by Reuters, the central bank of Europe and FED welcome the news delightfully. Honestly, this is a huge red flag for those who have their money in the banks or who ones shares of some "zombie" banks.
UBS is deeply concerned about the risks being taken. Willingly or unwillingly, the takeover of Credit Suisse was inevitable for the sake of others. We will see the FUD on the takeover process. I expect some sensational news that will shake the markets.
I really wonder the effects of the FUD in crypto ecosystem. So far being unbanked / debanked saved us from potential troubles. However, in the case of a collapse, the centralized service providers of crypto may have deep financial concerns, too. I do not even want to see these days 😅 Long story short, I do not feel secure in any of my investment while paradigm is shifting. It's going to be harsh and unforgettable.
We may save the short term but it is already shouted: the Elephant is in the room 🐘
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