23 min listen
MM105: What just happened to Credit Suisse and should you be worried?
FromMarket Maker
ratings:
Length:
42 minutes
Released:
Mar 16, 2023
Format:
Podcast episode
Description
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/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect 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.
Released:
Mar 16, 2023
Format:
Podcast episode
Titles in the series (100)
MM005: Yields spike, stocks drop - should you be worried?: This week Piers and I discuss the markets fixation on inflation and economic overheating and whether the recent moves in markets are cause for concern or simply short-termist in nature. by Market Maker