The Monday Mix: March 13 – 19, 2023

Top-of-mind economic headlines as we start the week:

UBS is to buy Credit Suisse, a systemically important bank on the verge of collapse, for $3.3 billion in a deal supported by the Swiss government.

The Fed and other major central banks will expand currency swap lines to boost liquidity in the global markets through April to offset credit tightening.

US consumer prices rose in February at an annualized rate of 5.5% (vs. 5.6% in January); most of the Feb. 0.4% price rise was due to housing.

Major US banks will contribute a total of $30 billion in deposits to First Republic, the 14th largest US bank, to shore up its liquidity.

The EU unveiled plans to on-shore at least 40% of clean-tech manufacturing, in response to $270 billion to be spent by the US on clean-tech.

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