Banks feel impact as Asian markets are hit by contagion fears

AFP/Fabrice Coffrini

While commentators have said the crisis should be contained and most major lenders had little exposure to the firms -- Silicon Valley Bank and Signature Bank -- news of trouble at Credit Suisse once again sent traders running for the hills. The Swiss central bank insisted that capital and liquidity levels at the lender were adequate, but stressed it was ready to make liquidity available to Credit Suisse.The developments sent shivers through markets as memories of the global financial crisis came flooding back.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse fears rock Asian stocks; gold and dollar soarCredit crunch concerns leave markets on edge ahead of a European Central Bank meeting
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asian stocks drop, led by banks amid rates turmoil: markets wrapAsian equities extended declines on Tuesday, led by weakness in financial stocks as the collapse of Silicon Valley Bank continued to reverberate across global markets.
Source: dailymaverick - 🏆 3. / 84 Read more »

Asian markets sink as SVB contagion fears hit banking sectorAsian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
Source: eNCA - 🏆 49. / 51 Read more »

Asian shares slide as SVB contagion fear spooks marketsTokyo banks index on course for steepest drop in nearly six months
Source: BDliveSA - 🏆 12. / 63 Read more »

Credit Suisse CEO urges patience amid financial sector sell-offUlrich Koerner says restructuring will take time as the collapse of Silicon Valley Bank throws markets into disarray
Source: BDliveSA - 🏆 12. / 63 Read more »