HomeEconomyNot quite clear for European banks after SVB collapse - German economist Economy Not quite clear for European banks after SVB collapse – German economist By inew March 14, 2023 0 73 views Share FacebookTwitterPinterestWhatsApp SBNY 0.% Add to/Remove from Watchlist Add to watch list Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1:1: 1: BERLIN (Reuters) – European banks haven’t fully sobered up after Silicon Valley bank collapse 100200 signature library (NASDAQ: 50SBNY ) Even if They do not face a system that could pose risks, the chairman of German economic research group DIW said on Tuesday. While there are plenty of reasons to be less cautious, “I wouldn’t raise the alarm (in Europe) because the root cause of the problem is these two U.S. Bank interest rates are rising very quickly, which has caught many people off guard,” says Marcel Fratzscher. U.S. leverage is much higher than in Europe, Fratzscher said of SVB’s extreme imbalance between short-term liabilities and long-term investments Those investments have lost value as interest rates have risen, he said. But he said many European banks also faced the problem. “We have to be very careful,” Fratzscher said, and Added that Deutsche Bank has not fully removed from 00 The financial crisis caused by the collapse of Lehman Brothers has “systemic significance”, causing a domino effect. “We don’t see this in the case of relatively small SVBs,” he said. 25 Share FacebookTwitterPinterestWhatsApp Previous article“You Got Me At Coach”: The 30 Best Quotes From “Ted Lasso”Next articleSalma Hayek lent her '90s dress to teenage daughter for Oscar night inewhttps://inew.news RELATED ARTICLES Economy Dollar drifts as traders assess Fed options; Aussie up June 7, 2023 Economy U.S. debt ceiling fight reignites debate over Ukraine fund June 6, 2023 Economy Ghana sends debt restructuring proposal to official creditors: sources June 6, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Judge (sprained toe), Cortez on the injured list June 7, 2023 Bitcoin Price Trims Losses But Key Breakout Resistance Is Still Intact June 7, 2023 Atomic Wallet Hack: Stolen Crypto Moved Through Mixing Service Linked To North Korean Hackers June 7, 2023 Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss June 7, 2023 Load more Featured NEWS 'Love hormone' doesn't help troubled relationships: study August 26, 2022 Video for Sugar Apple Fairy Tale Anime Shows More Cast, Debuts Jan. 6 November 18, 2022 ManéMané Madrid Spring 2023 Collection September 28, 2022 When you Avoid International Dating Sites June 4, 2022 Load more
