Market Views: Is global banking in crisis after SVB, Credit Suisse?
After the spectacular fall of Credit Suisse and shock collapse of Silicon Valley Bank, investors are fretting about contagion risk among global banks. AsianInvestor asks investment experts to give their take on the troubled sector.
Recent weeks have thrown the global financial sector into turmoil in a way that triggers uncomfortable memories of the global financial crisis of 2007-08.
In a historic and Swiss government-brokered deal, UBS on March 19 agreed to buy struggling rival Credit Suisse for SFr3 billion ($3.23 billion) and accept up to $5.4 billion in losses.
Banking stocks and bonds around the world dropped the next day investors fretted about the health of global banks, especially as the Credit Sui…
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