in what is being viewed in come circles as a sign that eurozone borrowing costs may soon reach their peak. the move mirrors the us federal reserve s quarter point rate rise on wednesday. central banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true that it cycle is not over yet. it is true thatitis cycle is not over yet. it is true that it is becoming more and more difficult for people to borrow, given the rising borrowing rates but if you take the example of the eurozone, i expect further increases in key rates before the fall. the cost of borrowing will continue to increase, there c
all classes of income. professor, thank you all classes of income. professor, thank you very all classes of income. professor, thank you very much. this feels like something we are reporting every day now. another us bank is seeking a financial lifeline as a crisis of confidence in the country s banking sector continues. los angeles based pacific western bank is in talks with potential partners and investors after shares in the lender tanked, along with several other us regional banks. shares in pacific western fell 52% on wednesday. and last i looked, it was down a further 35% in pre market trading. confidence in the banking industry especially mid sized lenders has been shaken after a series of failures. let s go to michelle fleury in our new york bureau. there seems to happen quite often. we have had us regulators seized control of three banks now. how
in what is being viewed in come circles as a sign that eurozone borrowing costs may soon reach their peak. the move mirrors the us federal reserve s quarter point rate rise on wednesday. central banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true
that and about to ten years after, the smaller banks shouldn t be put under tow much scrutiny and then suddenly, here we are today. just. suddenly, here we are today. just, another area suddenly, here we are today. just, another area of suddenly, here we are today. just, another area of concern suddenly, here we are today. just, another area of concern in - suddenly, here we are today. just, another area of concern in rising interest rates. i was just talking to the professor who says he doesn t think we are anywhere near the end of a credit tightening cycle. how many mortgage lenders are we likely to see and travel over the intervening month?- to see and travel over the intervening month? that was also echoed by the federal intervening month? that was also echoed by the federal reserve i intervening month? that was also i echoed by the federal reserve chair yesterday when he announced the latest rate hike. he said that credit conditions were tightening. alarm bells have been r
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