Global Banking Crisis: Updates and Outlook.

1 min read
Source: CNN
Global Banking Crisis: Updates and Outlook.
Photo: CNN
TL;DR Summary

Mortgage rates are expected to trend down through the rest of the year as the banking crisis drags on, according to the Mortgage Bankers Association. Deutsche Bank's shares tumbled 13% in Germany, dragging broader markets lower, as investors grew hypersensitive to any perceived weaknesses. The last-minute rescue of Credit Suisse on Sunday may have prevented the banking crisis from exploding, but it's a raw deal for Switzerland, and isn't risk-free. Money market funds have seen an influx of cash in recent weeks as investors look for more stable ground, but they aren't without risks of their own. Banks continue to rely on the Federal Reserve for emergency funds.

Share this article

Reading Insights

Total Reads

0

Unique Readers

14

Time Saved

9 min

vs 10 min read

Condensed

94%

1,858108 words

Want the full story? Read the original article

Read on CNN