Monthly Archives: March 2023

Credit Suisse’s fail already made investors loose $ 17 B and counting. Other banks’ shares and bonds are being affected. It seems it won’t stop here. It was to be expected that the unfolding of QE and years of negative interest rates would harm the financial system and the economy as a whole. Are regulators… Read More »

Great analysis of SVB’s downfall, as usual by FT Alphaville. With some additional comments on Credit Suisse (a completely different situation).SVB was a classic case of Assets / Liability mismatch, 101 of bank risk management. On the Liabilities’ side, a huge concentration on uninsured deposits (96%); The Assets side was heavy on long term Hold… Read More »