In the audio of the prophecy update, I mentioned that we are very likely to see a consolidation of the banking system. I also mentioned Credit Suisse, a more than century old organization that was nearing collapse... and guess what happened while we were having the prophecy update? They were acquired by an even larger bank. Yup... it's already starting. And they were forced to sell at less than half their market value. See the below excerpt from the news:
"Another wild weekend has seen regulators attempt to stave off a banking crisis that's quickly spreading across global markets. In an emergency deal brokered by Swiss authorities, UBS (NYSE:UBS) agreed to scoop up longtime rival Credit Suisse (NYSE:CS) for $3.25B, which was less than half of the latter's market valuation at the close of trading on Friday. Without a deal, Credit Suisse would've likely collapsed this week, spreading further financial contagion that began in the U.S. with the implosion of Silvergate Capital (SI), Silicon Valley Bank (SIVB) and Signature Bank (SBNY) (First Republic (FRC) is also facing trouble with additional cuts to its ratings)."
Source: Seeking Alpha