4 ms·
related: https://www.ft.com/content/82b70f3e-092f-449f-b32d-38b3dc66edaa https://www.ft.com/content/82b70f3e-092f-449f-b32d-38b3dc66e... > European and Asian
by kmlx 4y ago
related:
https://www.ft.com/content/82b70f3e-092f-449f-b32d-38b3dc66edaa https://www.ft.com/content/82b70f3e-092f-449f-b32d-38b3dc66e...
> European and Asian stocks rattled after sell-off in US bank shares
> Fears over health of banks’ bond portfolios compound nervousness ahead of publication of key US economic data
- paganel 4y agoThis analysis [1] from the same FT is also quite insightful: > SVB is not a canary in the banking coal mine Even though this paragraph didn't make me too confident, contrary to what the author wanted to convey: > Second, few other banks have as much of their assets locked up in fixed-rate securities as SVB, rather than in floating-rate loans. Securities are 56 per cent of SVB’s assets. At Fifth Third, the figure is 25 per cent; at Bank of America, it is 28 per cent. 28 per cent at the scale of Bank of America is a lot of money, big quantity (of money, in this case) by itself in many cases "transforms" into a quality thingie. [1] https://archive.is/DpqFg https://archive.is/DpqFg