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it was a chopping trade yesterday. the banking sector in europe took a heavy beating, deeply in the red. so much concern here revolves around interest rates and what that s meant for bank balance sheets. this was sparked by what happened with silicon valley bank last week. the issue being that many of the banks hold these very long dated government bonds on their balance sheet. very safe assets. because of interest rates going up, they are worth less and less and less. what does that mean for the banks? and what do investors think the banks will need to do? they need more liquidity. and the weakest links are breaking here. credit suisse coming under huge pressure with the share price down over 30% at one stage. closed down around 24% lower. will this be enough? that s the question we want to know. we ll be looking at the european market, looking at asia, trade is choppy there. all of the indices are off.

In the redInterest ratesBanking sectorSilicon valley bankBank balance sheetsChopping trade yesterdayGovernment bondsBalance sheetCredit suisseShare priceWhat asiaEuropean market