Friday, March 17, 2023
The Pour Over: Politically Neutral, Christ-First News
The Pour Over
4.9 • 4.6K Ratings
🗓️ 17 March 2023
⏱️ 8 minutes
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| 0:00.0 | Today we're talking about bumpy banks, tick-tock troubles, high-profile fraud, and other |
| 0:07.3 | top news for Friday, March 17th. |
| 0:10.2 | Stay in form while remaining focused on Christ, with the pour over. |
| 0:13.6 | Here's the quote of the day. |
| 0:15.4 | May the strength of the Lord pilot us. |
| 0:17.6 | May the wisdom of God instruct us. |
| 0:19.8 | May the hand of God protect us. |
| 0:21.8 | May the Word of God direct us. |
| 0:23.8 | The always ours this day and forevermore. |
| 0:27.8 | Hope you didn't forget to wear green. |
| 0:29.8 | Let's start with some espresso shots. |
| 0:35.8 | Despite our hopes, banks are not back to being boring yet. |
| 0:39.8 | Recent drama comes out of Zurich, Switzerland, where shares of Credit Suisse nose-dived, |
| 0:44.8 | nose-dove, 30% on Wednesday. |
| 0:47.6 | The tumble wasn't directly related to the SVB's collapse, though extra-jittery investors |
| 0:52.4 | didn't help. |
| 0:54.8 | Fundals and mismanagement have plagued Credit Suisse for years. |
| 0:57.8 | Then their largest shareholder, the Saudi National Bank, decided they couldn't offer financial |
| 1:02.8 | support anymore. |
| 1:03.8 | Unlike SVB or Signature Bank, 167-year-old Credit Suisse is considered a systematically important |
| 1:10.8 | financial institution because of its deep ties to global financial markets. |
| 1:14.8 | To restore confidence, the Swiss National Bank stepped in and lent Credit Suisse $54 billion. |
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