Moody's warns of potential recession triggered by banking crisis.
TL;DR
Moody's warns that there is a rising risk that banking-system stress will spill over into other sectors and the US economy, unleashing greater financial and economic damage than anticipated. The agency's baseline view is that US officials will broadly succeed, but there is still lingering worry. The risk is that officials will be unable to curtail the current turmoil without longer-lasting and potentially severe repercussions within and beyond the banking sector.
Topics:businessfinance#credit-crunch#finance#financial-damage#moodys#spillover-risk#us-banking-system
- Moody's sees risk U.S. banking turmoil can't be contained MarketWatch
- Banking crisis risks severe spillover across financial sector and beyond Markets Insider
- Moody's warns that long period of tight finances risks stresses spreading beyond banking ForexLive
- Will the banking crisis trigger a recession? CBC.ca
- Today it's about liquidity, not credit quality: Benjamin Tal on a 'crisis of confidence' in banking BNN Bloomberg
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on MarketWatch