That saying appears to ring true yet again, with the collapse in March of Silicon Valley Bank and the Swiss government’s brokered sale of Credit Suisse to rival lender UBS Group UBS, another lending giant.
Since the 1980s, each Fed rate-hiking campaign has been associated with financial crises , including the 1987 stock-market crash on Black Monday, the demise in 1998 of hedge-fund giant Long Term Capital Management and the global financial crisis in 2008, according to a review by Invesco.But there also could be a silver lining for the stock market in that the worst might be over, according to Brian Levitt, global market strategist at Invesco, which oversees about $1.5 trillion in assets globally.
Still, Invesco’s Levitt found that several past periods of bank failures have marked the end of stock-market downturns, giving way to the beginning of a new bull cycle .
Stop this nonsense. If not for government bailouts of the depositors, the whole US banking industry would have already collapsed 😎
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »