Charles Schwab's Credit Default Swaps Surging In Sign of Possible Trouble - Banking Crisis Updates 3/25/2023

As discussed on tonight’s evening news update, Charles Schwab’s CDS agreements — the cost to insure bondholders against possible default/failure — are spiking.

Earlier in the day, concerns grew around European financial group Deutsche Bank, and US Treasury Secretary Janet Yellen convened a closed door meeting of top American bank regulators.

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