Cratering Silicon Valley Bank's troubles could be the first sign of a new financial crisis. Here's what Burry, Ackman and El-Erian have to say.
"Only two days ago it was hard to think of something that could share the headlines today with the US jobs report. Well, and highlighting the current economic/financial/policy fluidity, we have something: banking system worries," El-Erian"Lots of chatter today about the possibility of generalized US banking system stress due to #SVB troubles.
Three summary things on this: While the US #banking system as a whole is solid, and it is, that does not mean that every bank is," El-Erian he also said in an earlier"Due to the volatility in yields after the prior protracted period of leverage-enabling policy, the most vulnerable currently are those vulnerable to both interest rate and credit risk.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'Big Short' Michael Burry warns on SVB stock rout: 'We found our Enron''Big Short' investor Michael Burry issues a grave warning after Silicon Valley Bank's stock rout: 'It is possible today we found our Enron'
Baca lebih lajut »
Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and moreStocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber & more
Baca lebih lajut »
Banks tumble as SVB ignites broader fears about the sectorThe S&P 500 bank index was down 4.6% on Thursday as investors grew wary of the entire sector after SVB Financial Group's share sale announcement and crypto bank Silvergate's decision to wind down operations.
Baca lebih lajut »
Bank carnage drags stocks lower as SVB Financial shares plungeA brutal day for banks drags down stocks on Thursday.
Baca lebih lajut »
Banks tumble as SVB ignites capitalization fearsThe S&P 500 bank index tumbled nearly 6% on Thursday in its biggest one-day drop in over two years as investors fled the industry following SVB Financial Group's share sale announcement and crypto bank Silvergate's decision to wind down operations.
Baca lebih lajut »
Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and moreThese are the stocks posting the largest moves in postmarket trading.
Baca lebih lajut »