Credit Suisse will receive liquidity if needed, a Swiss regulator and the country’s central bank said late Wednesday. Credit Suisse “meets the capital and liquidity requirements imposed on systemically important banks,” the authorities said. Credit Suisse shares crashed on Wednesday after its largest shareholder said no more financial backing will be granted. Loading Something is… Continue reading Switzerland’s central bank says it will provide liquidity to Credit Suisse if deemed necessary for the embattled lender
‘Dr. Doom’ Nouriel Roubini says Credit Suisse may be too big to save and risks igniting a ‘Lehman moment’
“Dr. Doom” economist Nouriel Roubini said Credit Suisse may be too big to fail and too big to save. He told Bloomberg TV there are doubts Switzerland could engineer a bailout. The Swiss National Bank said it will provide liquidity to Credit Suisse, if necessary. Loading Something is loading. Thanks for signing up! Access your… Continue reading ‘Dr. Doom’ Nouriel Roubini says Credit Suisse may be too big to save and risks igniting a ‘Lehman moment’
US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis
Jennifer Sor Reuters / Brendan McDermid US stocks fell on Wednesday as fears of a banking crisis continued to rip through the market. Troubles at Credit Suisse alarmed investors, sparking a steep sell-off in shares of the Swiss bank. But the Swiss National Bank later said it will provide Credit Suisse with liquidity, if necessary.… Continue reading US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis
Buy large cap US bank stocks as there’s no evidence of a systemic banking crisis, research firm says
Investors should treat the collapse of Silicon Valley Bank as an opportunity to buy large cap US bank stocks, according to TS Lombard.The investment research firm said it sees no evidence of a systemic banking crisis unfolding.”Market participants are now paying more attention to balance sheets, but the official response is enough to prevent contagion,”… Continue reading Buy large cap US bank stocks as there’s no evidence of a systemic banking crisis, research firm says
Credit Suisse is just the ‘tip of the iceberg’ as banking turmoil snarls financial markets, JPMorgan Asset Management investment chief says
JPMorgan Asset Management’s CIO predicts more pain ahead for the banking sector and the economy. Turmoil at Credit Suisse is just the “tip of the iceberg,” JPMorgan’s Bob Michele told Bloomberg. Michele says a recession is “inevitable” as panic ripples through markets. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Credit Suisse is just the ‘tip of the iceberg’ as banking turmoil snarls financial markets, JPMorgan Asset Management investment chief says
Canada is a buying opportunity despite series of headwinds: David Rosenberg
Here’s why a reputed bear has turned bullish on Canada Published Mar 14, 2023 • Last updated 10 hours ago • 4 minute read Economist David Rosenberg at an event in Toronto, in January. Photo by Peter J. Thompson/National Post David Rosenberg, one of the most widely followed economists on Bay Street, advised his clients and… Continue reading Canada is a buying opportunity despite series of headwinds: David Rosenberg
Silicon Valley Bank fallout Q+A: The Financial Post answers your questions about the bank failure that rocked the world
Send us your questions now and Kevin Carmichael and Barbara Shecter will answer them live at 11 a.m. Wednesday Published Mar 14, 2023 • Last updated 10 hours ago • 1 minute read Silicon Valley Bank’s collapse has raised the spectre of contagion in the global banking community. Photo by REUTERS/Dado Ruvic/Illustration/File Photo The collapse of… Continue reading Silicon Valley Bank fallout Q+A: The Financial Post answers your questions about the bank failure that rocked the world
John Turley-Ewart: Canada doesn’t have bank failures because we learned our lesson 100 years ago
Since 2001 America has endured 562 bank failures, not including Silicon Valley Bank. In Canada, there were zero Published Mar 14, 2023 • 4 minute read Between 2001 and 2023 the U.S. endured 562 bank failures according to the FDIC, plus the most recent, SVB. In Canada, that number? Zero. Nothing roils markets and focuses… Continue reading John Turley-Ewart: Canada doesn’t have bank failures because we learned our lesson 100 years ago
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