Seeking Alpha (May 8)
“Sweden is following Switzerland, Hungary, and the Czech Republic in easing monetary policy for the first time since hiking cycles began in 2022, when inflation surfaced in the aftermath of the COVID pandemic.” The quarter point cut of the overnight rate by the Riksbank makes “it more likely that the ECB will also jump on the bandwagon. The shift is noteworthy to global investors as it highlights the current central bank divergence taking place across the world.”
Tags: Aftermath, Central bank, Covid, Czech Republic, Easing, ECB, Global investors, Hungary, Inflation, Monetary policy, Pandemic, Riksbank, Sweden, Switzerland
Financial Times (May 3)
“The trio of bank failures since March has cast a pall over KPMG’s lucrative business as the largest auditor of the US banking sector.” SVB, Signature and First Republic all “had one thing in common: KPMG” and the auditor will be facing “scrutiny in aftermath of their collapses.”
Tags: Aftermath, Auditor, Bank failures, Banking sector, Collapses, First Republic, KPMG, Lucrative, Pall, Scrutiny, Signature, SVB, U.S.
