SVB, Credit Suisse: New banking crisis or short-term blip?
Over a week ago, New York’s Signature Bank and Silicon Valley Bank collapsed. The swift response of the U.S. authorities, followed by 11 big institutions stepping in to save First Republic Bank, another mid-size bank in trouble, wasn’t enough to fully reassure the banking industry that these were isolated events.
State of play. It doesn’t help that Credit Suisse is borrowing up to USD 54 billion from the Swiss central bank to shore up liquidity. As a result, analysts are now trying to understand how these events could spill over into…