Tag: banking crisis
Olaf Scholz sees no danger of a new financial crisis
Olaf Scholz The Chancellor does not expect a new banking crisis. (Photo: Jonas Holthaus for Handelsblatt) Berlin Federal Chancellor Olaf Scholz (SPD) sees no new financial crisis looming in Germany…
The crash of Credit Suisse
Good morning dear readers, On Wednesday I spoke at this point about words that weigh heavily in the balance given the tense situation on the financial markets. Now this assessment…
Even greater than the parallels are the differences to the financial crisis
Silicon Valley Bank The ongoing banking crisis evokes memories of the great financial crisis. (Photo: Reuters) The ongoing banking crisis is reminiscent of the great financial crisis that peaked in…
Credit Suisse shares fall to record low after SVB bankruptcy
Credit Suisse logo in Geneva The market panic in bank stocks hit the big Swiss bank with full force. (Photo: Reuters) Zurich The bankruptcy of the Silicon Valley Bank (SVB)…
Commentary on the Credit Suisse Crisis: A Question of Culture
The Credit Suisse logo The major Swiss bank will not only present quarterly figures on Thursday, but also a restructuring plan. (Photo: dpa) The major Swiss bank Credit Suisse only…
Credit Suisse must now act quickly
The Credit Suisse signature “History does not repeat itself, but it rhymes”, the aphorism often ascribed to the American poet Mark Twain naturally also applies to financial crises. When the…
Europe’s new crisis bank still has a lot to learn – including from Deutsche Bank
A branch of Credit Suisse in Zurich The major Swiss bank had to cope with a loss of CHF 1.6 billion in the second quarter. (Photo: Reuters) Europe has a…