Investment Week (April 21)
“Following the collapse of Silicon Valley Bank and other US regional banks, as well as the turmoil around Credit Suisse, the banking sector has sat on wobbly ground in investors’ minds.” Depositors have “moved into treasuries and money market funds to avoid the risk that their bank could be next to fall.” As a result, the S&P Banks Select Industry index dropped 22.5% during March.
Tags: Banking sector, Collapse, Credit Suisse, Depositors, Investors, Money market funds, Regional banks, Risk, SVB, Treasuries, Turmoil, U.S., Wobbly
CNN (October 19)
Even with “Trussonomics… tossed out and a total market meltdown avoided, the near-term prospects for Britain’s economy look increasingly wobbly. A recession stretching through the winter looms. Policymakers were facing tough choices even before Truss unleashed financial market chaos. Now, with the government’s credibility tarnished, they’re in an even worse predicament.”
Tags: Avoided, Britain, Chaos. Government, Credibility, Economy, Market, Meltdown, Prospects, Recession, Tarnished, Tossed out, Trussonomics, Wobbly
Financial Times (April 10)
“Japan’s progress on stewardship and corporate governance reform has looked wobbly of late. The ROE gains made in the first 30 months of Abenomics (up from an average of 5.8 per cent in December 2012 to a mid-2015 peak of 8.8 per cent) have been in steady reversal since then.”
Tags: Abenomics, Corporate governance, Japan, Progress, ROE, Stewardship, Wobbly
