|2023/03/31 / Erste Group Research|
US banking sector: SVB was an outlier
The bankruptcy of Silicon Valley Bank (SVB) and, shortly thereafter, Signature Bank, shook up financial markets globally. Since then, the situation has calmed down, but reports about the shifting of deposits, especially in the US, are not abating and are still causing uncertainty. However, a look at the figures shows that the initial reactions in the markets came from the surprise caused by the events.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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