Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is produced and distributed by CoinDes.

What's going on, guys? It is Wednesday, March 15th, and today we are discussing whether

Credit Suisse is the next banking domino. A quick note before we dive in, there are two ways to

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All right, friends, today we are talking about the same thing that everyone in traditional markets

is talking about, which is Credit Suisse.

Bloomberg's headline blair's Credit Suisse in fight to win back confidence as shares plunge.

And that headline has recently been updated to the even scarier Credit Suisse ignites global

market route as banking fears return. So what's going on? Is Credit Suisse the next domino? Is it a big nothing burger? Is it

something totally different? But it doesn't matter that it's totally different because all people

here is bank failure and they get scared. Let's dive in. So Credit Suisse has been looking shaky

for a while. It's in the midst of a larger restructuring process by which its investment

banking division will be spun out, and the bank will focus just on its wealth management

division. This is actually its second big strategic pivot in the last two years, and obviously

in the world of banking, that sort of bobbing and weaving isn't necessarily something

investors get too excited about, to say nothing, of course, of depositors.

Now, right now, the specter of Silicon Valley Bank is hanging not only over Credit Suisse, but

...