Banking Crisis Sparks Apocalyptic Fears and Uncertainty.
TL;DR Summary
This week's banking crisis saw Credit Suisse tap $54 billion from the Swiss government, First Republic receive a $30 billion uninsured deposit injection, and Silicon Valley Bank assets being shopped by the FDIC. Analysts predict more bank busts could be in the cards, but still love financial stocks. UBS could step in to buy ailing Credit Suisse, while lawmakers eye tighter banking regulation. The KBW Bank ETF is down 29% for the month, and Nomura predicts the Fed will cut interest rates at next week's meeting.
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- There Will Be No Soft Landing Washington Free Beacon
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