🏦 The European banking crisis! (Credit Suisse)

➖ Credit Suisse shares fell 21% at the premarket, the biggest one-day sell-off in history.

➖ The main shareholder ruled out any support for the bank.

➖ Credit Suisse management thinks all is not lost and rules out government support. (Or pretends to be OK)

➖ European government bonds are rising in value. Investors are banking on stopping a tightening of the ECB's monetary policy. (As in the U.S.)

➖ The ECB rate will be released on March 16 at 16:15 Moscow time. The press conference is at 4:45 PM.

➖ Big names in the industry, almost all of them: "ECB MUST STOP HIS BETTER!"

➖ Chances of bank default increased 38% (550+ p. in CDS)