First Republic Shored Up and Credit Suisse's Future

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. 

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