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Degens Deteriorating
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(BOTH)
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Twitch Lays off 400 Employees
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US looking to guarantee ALL deposits if bank crisis grows - that's ~$18 Trillion in deposits
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Credit Suisse in the last few years:

β€’ Lost $5.5B on Archegos blowup (after making a paltry $17.5m in fees)
β€’ Lost $1.7B on sketchy Greensill Capital supply chain funds
β€’ Lost >$100m on Citrix debt deal

Credit Suisse Chair on why bank failed:

β€’ β€œIt’s Twitter fault”
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β€œCome join us, Credit Sus”
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