Market Review and Trends
Credit Suisse in debit balance – will this make the US banking crisis worse?
By Dr Wealth  •  March 17, 2023
The week has been eventful. Since our post at the start of the week analyzing whether you should sell your US banks, much has happened in this short time. Regulators have taken control of two banks, Silicon Valley Bank (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). The banking crisis has become worse with credit rating agencies cutting the outlook for the US banking system and for certain individual banks, particularly those with large uninsured deposits and long-term Treasury bonds that have decreased in value significantly. Credit Suisse’s issues surfaced alongside the troubled US banks as Credit Suisse has seen significant depositors outflow since 2022. Here we provide an update on the latest situation and analyse the impact of Credit Suisse on the US banking crisis. What happened to Credit Suisse? Credit Suisse has been in crisis, running into new controversies again and again. Recently the bank acknowledged that there were material weaknesses in its financial reporting for its 2022...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.

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