While optimists had hoped that global dislocations would not impact Indian banks, data shows otherwise. At -9.13% banking MFs delivered worst returns among all fund categories since the start of the year.
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
In the space of a week, two US banks have collapsed, Credit Suisse Group AG needed a lifeline from the Swiss and America’s biggest banks agreed to deposit $30 billion in another ailing firm, First Republic, in a bid to boost confidence.
The Chairman and CEO of BlackRock discussed the price of easy money in his annual letter to shareholders
Powell’s dilemma is acute as the stability of banks depends on market sentiment even as the Fed’s credibility depends on inflation data
The US banking system is dealing with the fallout of what happens when the central bank creates a more than decade-long easy money bubble and then tries to prick it in a short time
The founder of SuperOps.ai says that one of the lessons he’s learnt is that not everything is in one's control, and that's alright.
Most Indian banks are safe and the reason is that the RBI monitors them closely and forces them to take corrective actions proactively if there is something amiss.
Worries have focused on credit and liquidity risks rather than interest rates
SVB Bank, which collapsed last week, had sold a $21-billion bond portfolio consisting of US Treasuries and mortgage-backed securities, logging a loss of $1.8 billion.