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*Julius Specht Profile picture
*Julius Specht
@specht_julius
Investor 📈 | Trader | Portfolio Manager | Technical & Fundamental Analyst | Founder 🚀 | Entrepreneur | Educator Money is made between the lines 💸
Mar 2, 2023 • 4 tweets • 2 min read
Credit Suisse - a bank too big to fail - crashes to all-time low after raising deposit rates to reverse bank run📉

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$CS #banknifty $SPY $QQQ #recession #stockmarketcrash Image Credit Suisse offering a 6.5% annual rate on new three-month deposits of $5 million or above - and a rate as high as 7% for one-year deposits — far above matched maturity Bills, and suggesting that to attract a client, the bank is forced to eat a GIANT loss.

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