Deutsche Bank’s U.S. listed shares fell 10% in pre-market trading. European stocks came under pro-longed pressure Friday morning as banking sector woes fail to disperse. The DAX and FTSE 100 indices each fall by more than 2% in early morning trade. Central Banks Investors have been assessing the global centralRead More →

Bank Collapse

Will the recent high profile bank failures spread to other smaller banks? The current meltdown in the banking sector has released fearful memories from the 2008 financial crisis to re-surface. In that major crisis, some of the biggest banks in U.S. collapsed, damaged by the discovery of sub-prime lending practicesRead More →

European Union GDP

European Central Bank increases interest rate The European Central Bank (ECB) announced a further rate increase of 50 basis points, despite the current backdrop of market turmoil in the banking sector. The ECB had previously signalled it would be raising rates again at its March meeting – and it did! Pressure InitialRead More →

Silicon Valley Bank Collapse

The Collapse of the 16th Largest U.S. Bank Silicon Valley Bank – (SVB), the 16th largest bank in the U.S. (at the start of last week) – had been operational for 40 years and was considered a reliable source of funding for tech start-ups. SVB Financial Group’s holdings were hitRead More →