How Credit Suisse Turned Switzerland’s Banking Industry Into a National Embarrassment
Once the pride of the Swiss banking industry, Credit Suisse’s fall from grace shows few signs of abating.
Recent
Burry Says No ‘True Danger’ in Crisis That May Resolve Quickly
Investor Michael Burry believes the spreading crisis following the collapse of Silicon Valley Bank could resolve “very quickly.”
Larry Fink Warns Higher Rates 'Exposed Cracks' in Financial System Amid SVB Collapse
BlackRock CEO Larry Fink warned in his latest annual letter the Federal Reserve's aggressive rate hikes have "exposed cracks in the financial system".
Billionaire Co-founder of Home Depot Compares the Fed to ‘The Gang That Can’t Shoot Straight’
The billionaire co-founder of Home Depot, says the coming crash is ‘not going to be pretty’.
Hedge Fund Billionaire Ken Griffin Says US Should Have Let SVB Die
Hedge fund boss Ken Griffin says the US government should have allowed Silicon Valley Bank to go under as a “lesson in moral hazard.”
Billionaire Investor Bill Ackman Warns More Banks Will Collapse Despite Fed Intervention
To protect insured depositors FDIC created Deposit Insurance National Bank of Santa Clara. When shuttered FDIC immediately transferred insured.
The Fed Will be Forced to Surrender on Rate Hikes After SVB's Failure, Says Top Economist Mohamed El-Erian
The Federal Reserve will be forced to give up its aggressive monetary policy after Silicon Valley Bank's meltdown, according to Mohamed El-Erian.
