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    HomeNewsBusinessMarket underestimating likely bad news from US, says WhiteOak’s Somaiyaa

    Market underestimating likely bad news from US, says WhiteOak’s Somaiyaa

    The CEO of WhiteOak Capital has cautioned investors that despite the calm, the US banking crisis might not have played out fully. Somaiyaa cited the IL&FS default of 2018, the follow-on effects of which echoed over the next nearly three quarters.

    Santosh Nair
    July 20, 2023 / 12:25 IST
    Market underestimating likely bad news from US, says WhiteOak’s Somaiyaa

    According to Somaiyaa, the banking crisis in the US may not have played out fully, even though the situation appears to be under control for now.

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