Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. Will the UBS takeover of Credit Suisse calm the global financial system? 
2. Is this 2008 all over again?

Phil, Mike, and Larry talk about the UBS takeover of its troubled rival, Credit Suisse, in a quickly arranged deal on Sunday, and ask if this will shore up the global financial system? This takeover is the most consequential fallout from the implosions of both Silicon Valley Bank and Signature Bank just a week ago. They then address the questions on many people’s minds- is this 2008 all over again? Will more banks fail? Are the major banks safe?

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.