Swiss panic

NAB Morning Call · Mar 15, 2023 · 14m

Thursday 16th March 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAnother day, another banking crisis. This time it’s Credit Suisse causing problems, somewhat bigger than SVB, but it’s hard to understand the fundamental reason for the concern, other than blind panic and a bank that has seen massive capital outflows last year. NAB’s Ken Crompton says it’s unlikely to stop the ECB from pushing ahead with a rate rise later today, but banking uncertainty has certainly switched attitudes in the US on where the Fed is heading, with growing…