Something for your Espresso: Bye bye to AT1 investors
First, “there is nothing to see here, but we are monitoring the situation closely”. Second, “this bank is an outlier, and the system is fine”. Third, “we will add liquidity as a safeguarding measure, but we don’t see broad-based risks.” We are slowly but surely seeing...
Steno Signals #40 – The banking crisis is likely to accelerate in coming weeks
Welcome to our weekly flagship editorial. We will try to be as a concrete and actionable as possible today amidst one of the trickier environments lately. It is all known stuff since this is an environment we have seen before when yield curves have inverted. Our...
5 Things We Watch: Five Aspects Surrounding the Banking Turmoil
This week really has been one for the books. On Friday, markets sounded the alarm as we experienced the second largest bank-failure in US history. Naturally, this behemoth event swept magazine covers and blew up our phones and inboxes leaving not much room for other...
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