A.M. Update

S&P 500 futures are up +0.25%. The market still has worries about the health of the banking industry. News that UBS (UBS) is acquiring Credit Suisse (CS) in an brokered “emergency rescue,” that S&P is downgrading Frist Republic Bank (FRC) to B+ from BB+, that central banks are taking a coordinated action to improve U.S….