It has been brought to our knowledge that a global banking giant would be in trouble. We have received information on this both through public and private channels.
Most speculations concern a European global systemically important bank", or G-SIB, namely Credit Suisse, a Swiss-based investment banking giant marked. Her failure would almost surely set in motion a new global banking crisis.
We urge everyone to prepare accordingly (e.g., raise cash).
We keep monitoring the situation closely.
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How does 'raise cash' prepare for a banking crisis? I'm genuinely confused. Thank you.