Lei’s Real Talk: What do Silicon Valley Bank, Credit Suisse, and Blackstone have in common?

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Right after the collapse of Silicon Valley Bank, we see another bank, Credit Suisse, in a meltdown mode. What do these two banks have in common? They have a strong China focus and a close tie to the CCP. They manage the money for the movers and shakers of China. Although there are many technical explanations for their financial failure, it might be precisely the Chinese money that got these banks into trouble. As Sino-US relations go down fast, the economic decoupling may come with a hefty price tag.

Here is the Blackstone video: https://youtube.com/live/jebijHd9zyA

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