Bank of America warns three of four market trip wires already triggered, S&P 500 hangs by a thread. BULL TRAP: Today’s bounce was a corrective 3-wave move within the bearish 3rd wave.

kristen shaughnessy @kshaughnessy2 “Bank of America has a stark warning for stock investors” “The stock market may be just one bad day away from forcing Washington and Wall Street to act. That is the message Bank of America chief investment …

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Swiss National Bank in its 2023 Financial Stability Report on Credit Suisse: “these observations also raise questions regarding the ability of the Too Big To Fail “TBTF” framework to oblige a systemically important bank to take sufficient corrective action in a timely manner”

by Dismal-Jellyfish https://www.snb.ch/n/mmr/reference/stabrep_2023/source/stabrep_2023.n.pdf These measures need to strengthen banks’ resilience in order to prevent a loss of confidence wherever possible, and ensure a broad range of effective options to stabilise, recover or wind down a systemically important bank in the …

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