The failures of U.S. lenders Silicon Valley Bank and Signature Bank, followed by Credit Suisse s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared. | March 29, 2023
"Credit Suisse is our Lehman moment in Europe, but we recognise that and we are not going to make the same mistake," Close Brothers Asset Management Chief Investment Officer Robert Alster said of the speedy action by authorities over the weekend. He said the European Central Bank, Bank of England and others would be well aware "of the next gazelles in the chain that the lions will be hunting" - meaning other large banks with investment banking arms such as Deutsche Bank, BNP in France or Barclays in the UK - and will step in with support if needed.
LONDON Europe’s bank shares fought back from an early slump on Monday and a cross-asset scramble for safety looked to have eased, as markets weighed up the…
Scramble for safety subsides as markets digest Credit Suisse rescue | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.