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🚨🚨 A lot is brewing out there about Credit Suisse and Deutsche Bank being on the verge of failing. Credit Suisse is in worse shape of the two. Credit Suisse was founded in 1856 and is one of the largest global investment banks. Both Credit Suisse and Deutsche Bank are designated as "systemically" important. Meaning, if either or both fail, it causes contagion and will bring down a whole bunch of other banks with them. All indicators are pointing to failure - like next week.