News Flash: Crisis in the US financial market

03/13/2023 –

  • The Fed is trying to prevent bank runs in the US by guaranteeing customer deposits at SVB respectively all other banks.
  • It will also lend to banks to secure customer deposits against government bonds or other securities.
  • Sectors to suffer most are technology, private equity and real estate.
  • Markets will remain volatile and flight to quality continues.
  • Actually we don’t expect a spill over effect in the financial industry.

Read more in the News Flash by Peter von Elten.


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