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.