Market Review and Trends
Banks in crisis
By Beansprout  •  March 18, 2023
The collapse of Silicon Valley Bank is still causing ripples across the industry. Just this week alone, Swiss bank Credit Suisse and US regional bank First Republic Bank had to receive some form of liquidity support. Closer to home, the flight to safe assets also translated to a lower yield of 3.65% p.a. on the latest 6-month T-bill auction. If the market volatility is affecting your plans to invest consistently, we look at how a regular savings plan can help you get back on track. Source: Bloomberg. Price as of 17 March 🔗 Who's the weakest link? 

What happened?

Credit Suisse’s share price plunged after its top shareholder, Saudi National Bank, ruled out investing more in the Swiss bank. Switzerland’s central bank subsequently came in to provide a liquidity backstop in an attempt to restore confidence in the bank.

What does this mean?

Global confidence in the financial system remain shaky as investors worry about contagion from Silicon Valley Bank’s collapse....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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