Some links

First Citizen Bank from North Carolina emerges as buyer of (most of) SVB with kind support from the FDIC. According to the FT, First Citizen has experience with buying troubled banks.

The always excellent Morgan Housel on how mass panics develop and how to insulate oneself (if possible at all)

Carsten Mueller from Augustusville has posted an interesting Portfolio review

John Hempton has a pretty clear opinion on who ist to blame for the loss on Credit Suisse AT1 bonds

Hindenburg came out with a blazing attack on Jack Dorsey’s Block (ex Square)

Swen Lorenz thinks that Dinosaur Bones could be the next exciting “alternative asset” class

An interesting interview with Sam Altman, the Mastermind behind ChatGPT

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