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In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week.
In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scramble to help prop up the bank as the meltdown overshadowed the budget"
Sensational? Or is this really the start of something bigger?
We discuss what triggered the crash, why the shares are now up sharply, how this differs to the recent demise of Silicon Valley Bank (SVB), the potential for contagion in the eurozone and its impact on the ECB, and what to look out for next for both Credit Suisse and the broader global economy.
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Connect with Anthony https://www.linkedin.com/in/anthonycheung10/
Connect with Piers https://www.linkedin.com/in/pierscurran/
Hosted on Acast. See acast.com/privacy for more information.
4.8
2121 ratings
In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week.
In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scramble to help prop up the bank as the meltdown overshadowed the budget"
Sensational? Or is this really the start of something bigger?
We discuss what triggered the crash, why the shares are now up sharply, how this differs to the recent demise of Silicon Valley Bank (SVB), the potential for contagion in the eurozone and its impact on the ECB, and what to look out for next for both Credit Suisse and the broader global economy.
Free daily newsletter https://bit.ly/3Oeu4Wk
Free Finance Accelerator simulation https://bit.ly/3GoyV5r
Connect with Anthony https://www.linkedin.com/in/anthonycheung10/
Connect with Piers https://www.linkedin.com/in/pierscurran/
Hosted on Acast. See acast.com/privacy for more information.
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