NEWS | Global Banking sector under strain
Global Banking sector under strain
Market volatility continued to run high into March, this time precipitated by a mini yet
significant crisis in the banking sector. The failure of two mid-tier US banks (Silicon
Valley Bank and Signature Bank), closely followed by Swiss authorities organising the
UBS takeover of struggling Credit Suisse brought investor panic and concerns around
financial market stability. An immediate market sell-off was subsequently tempered as
Central Banks including the US Fed indicated some willingness to provide support to
any banks experiencing a deposit run and/or expressed their confidence in the current
resilience of major financial systems.
April 17 2023 By Truffle Asset Management
