Tag: Financial crisis
SZ podcast: Banking crisis: “Precarious, but different from 2008” – Economy
There was bad news from the banking world almost every day this week: A total of four banks stumbled, some of them even went bankrupt. It all started with the…
Banking crisis: Do taxpayers have to do it again?
In the US, the next bank needs to be rescued. In Europe, Credit Suisse is reeling. Investors withdraw their money. It is unclear who will pay for the rescue in…
Financial industry: $30 billion in aid for First Republic Bank
The ailing regional bank receives a multi-billion dollar cash injection from the major US banks. Chancellor Scholz does not see the danger of a new financial crisis. The monetary system…
Banks and Credit Suisse: It smells like a financial crisis – economy
The situation on the financial markets is extremely nervous on Thursday morning after the turbulence surrounding Credit Suisse. Politicians and central banks are making hectic efforts to calm investors and…
Savings banks were surprised by the rapid rate hike – Economy
The President of the Savings Bank, Helmut Schleweis, wants to address the “elephant in the room” right at the beginning of the balance sheet press conference. This is how the…
“We must not lump Russia and China together” – Economics
Moritz Schularick, the future president of the Institute for the World Economy, on threateningly wobbly financial markets and a mistake that the world should not repeat. From Alexander Hageluken and…
Comment on the failure of the Silicon Valley Bank: In the blind spot – economy
comment by Meike Schreiber, Frankfurt If it’s true that every second start-up in the US has a banking relationship with Silicon Valley Bank, then the bankruptcy of the Californian bank…
Biggest US bank failure since 2008: What matters now – Economy
From Meike Schreiber and Nils Wischmeyer, Frankfurt, Cologne Silicon Valley Bank: At first glance, that sounds like a small financial institution, perhaps a fintech, founded in the start-up hype of…
ECB chief supervisor: “This is a very fragile situation” – Economy
Interviewed by Meike Schreiber and Markus Zydra They kept quiet for a long time, even if there was never really a hint of humility: Europe’s bankers, who helped cause the…
Banks and financial regulators: Stop whining! – Business
If Manfred Knof, CEO of Commerzbank, complains about what he sees as strict banking regulation, then something must really be wrong. “Even now in the crisis”, “the regulatory train continues…