Tag: Credit Suisse

  • More Banks to Fail? Not in North Dakota

    U.S. banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in August by Moody’s, which cut credit ratings on 10 banks and placed four of the 15 largest U.S. banks on review for possible downgrade. As with the banks going into […]

  • You Strike the Women, You Strike the Rock, You Will Be Crushed

    Arnold Böcklin (Switzerland), Isle of the Dead, 1880. What constitutes a crisis worthy of global attention? When a regional bank in the United States falls victim to the inversion of the yield curve (i.e., when short-term bond interest rates become higher than long-term rates), the Earth nearly stops spinning. The collapse of Silicon Valley Bank […]

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