RV_ Posted March 18, 2023 Report Share Posted March 18, 2023 Excerpt: "To be sure, the past week has been one for the history books in the banking space. Late Wednesday, Credit Suisse (CS) said it would tap about $54 billion from Swiss regulators as its own internal crisis spread to public markets. And just one week ago, Silicon Valley Bank's collapse marked the second-largest bank failure in the U.S., behind only Washington Mutual during the Great Recession. Signature Bank's (SBNY) demise was the third-largest bank failure in history. The turbulent situation caused regulators to spring into action to prevent a banking crisis and mass tech layoffs, which is what likely would have happened if left unaddressed. The collective moves worldwide have stabilized broader equity and bond markets. But not everyone is ready to give an all-clear sign similar to Bove. "We shouldn’t get ahead of ourselves, and it’s worth remembering that we’ve already had a temporary period of stability on Tuesday that was then dented by the Credit Suisse worries on Wednesday," pointed out Deutsche Bank strategist Jim Reid in a note on Friday." Much more in the full article here: https://finance.yahoo.com/news/heres-why-the-banking-crisis-is-over-says-top-long-term-sector-analyst-101647794.html Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
Randyretired Posted March 18, 2023 Report Share Posted March 18, 2023 Are these the same experts that assured us inflation was transitory? All it takes is one bank flying under the radar with a few missteps and down goes another. The whole system may not crash anytime soon but if it your bank... Quote Randy 2001 Volvo VNL 42 Cummins ISX Autoshift Link to comment Share on other sites More sharing options...
RV_ Posted March 18, 2023 Author Report Share Posted March 18, 2023 (edited) 56 minutes ago, Randyretired said: Are these the same experts that assured us inflation was transitory? It's in the article. 😏 Edited March 18, 2023 by RV_ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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