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https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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UBS Group AG agreed to take over its longtime rival Credit Suisse Group AG for more than $3 billion on Sunday. The deal between the Swiss banks is the first megamerger of systemically important global banks since the 2008 financial crisis. The news also comes on the heels of the US regional banking woes that have shaken confidence in the worldwide banking system.
Swiss authorities were pressured to make the deal happen before Asian markets opened for the week. They had to walk a fine line, getting the two banks’ boards to agree to the deal and avoiding the alternative, a regulator-led winddown of Credit Suisse, which could have proven more protracted and painful for the financial system.
Later Sunday night, Goldman Sachs noted that the Swiss deal clarifies the crisis and reduces tail risk events. Still, details remain to be worked out, and risks remain.
At PWM, we are in the camp that the Silicon Valley Bank, Frist Republic, and now Credit Suisse events are more specific concerns than systematic ones. We think the strong institutions will not only survive but come out stronger with less competition in the end.
UBS Agrees to Buy Credit Suisse for More Than $3 Billion (https://www.wsj.com/articles/ubs-offers-1-billion-to-take-over-credit-suisse-bfac51fa?st=9lmy78qqx66irci&reflink=desktopwebshare_permalink)
by Margot Patrick, Ben Dummett, Dana Cimilluca, and Patricia Kowsmann
** Your Life
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Aside from the kitchen, the master bathroom is the 2^nd most important room in a house, not only for selling but for everyday use by owners. From high-tech toilets to heated floors to smart faucets and showers with chromotherapy, the options are endless and fun, and turn your bathroom into one of the most comfortable places in the house.
Smart Bathroom Technology in 2023: How Your Home Can Benefit (https://phyxter.ai/blog/smart-bathroom-technology-how-your-home-can-benefit)
by Russell Jones
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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FACT: only 15% of Americans with credit cards asked their card insurer for a lower interest rate last year. But of those who did ask, 70% were successful. What have you got to lose? At best, you’ll get more money in your pocket as you pay down your debt.
** Trivia
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A: Jesse Eisenberg
Q: What is the only fruit that has its seeds on the outside?
https://www.youtube.com/watch?v=Xkj1An6Wnec
** Back in 1999, this song reached #1
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