First Republic Shored Up and Credit Suisse's Future

Bloomberg Daybreak: Europe Edition
17/03/2023 17 min
First Republic Shored Up and Credit Suisse's Future

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Episode Synopsis

Your morning briefing. The news you need in just 15 minutes. On today's podcast: (1) First Republic gets $30 billion backing from eleven US banks. (2) Sources tell Bloomberg that Credit Suisse and UBS are opposed to a forced combination. (3) The ECB's Lagarde sticks to the planned 50 basis-point rate hike, but offers no forward guidance. (4) Half of the Fed's QT shrinkage reversed in a week by discount window usage. See omnystudio.com/listener for privacy information.

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