Episode 20: Neal and Toby explain the deal that led to UBS taking over Credit Suisse for over $3 billion. Calm down global markets! They also take a look at the latest banking news in the U.S. including First Republic's stock struggles, and why Warren Buffett may be getting involved. Also a bed of seaweed twice the size of America is heading to Florida. Plus, what we are keeping an eye on this week.
#CreditSuisse #Banking #Florida
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00:00 - Introduction
02:50 - Credit Suisse rescued by UBS
07:54 - U.S. Banking Update (First Republic, Warren Buffett, FDIC)
10:51 - Former Coinbase CTO makes $1M bet on Bitcoin
14:20 - Florida to be hit by massive seaweed belt
18:30 - What to watch this week
UBS Rescues Credit Suisse for $3.2 BILLION & Seaweed is INVADING Florida?