Friday, June 2, 2023
HomeEconomyBanking stress puts U.S., European eyes on credit crunch

Banking stress puts U.S., European eyes on credit crunch


Add to/Remove from Watchlist

Add to watch list

Add location

Location successfully added to:

Howard Schneider and Tom Sims

WASHINGTON/FRANKFURT (Reuters) – Stress in the banking sector is being closely watched for its potential to trigger a credit crunch, one A Fed policymaker said on Sunday, and an European Central Bank official also said tightening lending was likely. Authorities around the world are on high alert f the impact of the recent turmoil in banks in the United States at Silicon Valley Bank (SVB) and After closing down50 Signature library

(Nasdaq: 50 New York Stock Exchange) and the rescue takeover of Credit Suisse a week ago.

last week ended with a flash of financial market stress indicators. The euro fell against the dollar and euro zone government bond yields fell as the cost of insuring banks against default surged despite assurances from policymakers.



Please enter your comment!
Please enter your name here


Featured NEWS