Contagion and Fear Hit Credit Suisse, What’s Next?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 15 March 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. markets sold off as fears of contagion in the banking sector have crossed the Atlantic. This morning, shares of Swiss banking giant Credit Suisse hit record lows after its largest shareholder, the Saudi National Bank, declined to add to its investment. Oil also took a spill, down nearly 6% as of this writing. On the market’s worst day since July 2022, Maggie Lake is joined by Julian Brigden of MI2 Partners and Cem Karsen of Kia Volatility to explain what’s driving the selloff at Credit Suisse and where the troubles could spring up next. You can catch more of Julian on our Pro Macro Tier and find more of his work here: https://mi2partners.com and more of Cem’s work here: https://www.kaivolatility.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Getting money from clients can feel I'm trying to wrestle honey from a grisly bear.
0:04.2	That hasn't eaten in days.
0:06.3	While an emmerous skunk clings to your leg.
0:08.4	Not now, scutty.
0:09.5	But with zero online invoice payments through Stripe and Go Cardless,
0:12.5	you can give customers more ways to pay and keep your cash flow flowing.
0:16.7	Soon, rather than wrestling a grisly bear,
0:18.8	it feels more like you're cuddling a koala bear.
0:20.8	Aww.
0:21.8	On a really soft sofa, while watching a favourite soap.
0:24.8	Oh God, believe she was his mother.
0:27.3	The healthy business, Sergio Zera, with an X.
0:57.5	Welcome to the Real Vision Daily Briefing.
1:04.0	With me to break down the latest in the banking crisis, that's unfolding.
1:07.6	Jim Carson, founder of Kia Volatility and Julian Brickdon, co-founder of MI2 Advisors.
1:14.9	Hi to both of you.
1:15.8	So grateful to have you both here with us.
1:17.9	Thank you for having just show Maggie.
1:19.7	Hey Maggie, good to be here.
1:20.7	Hi, Jim, did I say your last name, right?
1:23.2	You did, but the name of the firm is Kai Volatility.
1:26.0	I knew it.
	...

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