Watch the video of this livestream here: https://youtube.com/live/djr2feyR3Y4

Credit Suisse hybrid private takeover/gov bailout (not nationalised or wound down). https://www.bloomberg.com/news/live-blog/2023-03-15/credit-suisse-in-crisis?srnd=premium-uk

HSBC Shares down 6% - https://www.bloomberg.com/news/articles/2023-03-20/hsbc-shares-tumble-in-hong-kong-on-risky-bond-exposure-concerns

$17bn AT1 bond wipeout https://www.reuters.com/business/finance/credit-suisse-writes-down-17-bln-bonds-zero-angering-holders-2023-03-19/

Federal Reserve Emergency Liquidity Action: https://www.reuters.com/business/finance/fed-other-central-banks-set-joint-liquidity-operation-2023-03-19/

Depositors irrationally moving from small to big banks.

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