Author Archives: Danielle Park

Cash crunch intensifies

Posted on March 15, 2023 by Danielle Park

This morning, stock and commodity markets are plunging amid news of escalating stress at systemically significant investment bank Credit Suisse. The bank’s share price is -24% this morning and -96% since its cycle peak in 2007. Years of destructive financial … Continue reading →

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Moody’s downgrades US banking system outlook to negative

Posted on March 14, 2023 by Danielle Park

Moody’s just announced a downgrade of its outlook on the entire US banking system to negative from stable to reflect “the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank … Continue reading →

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Backstops for depositors, not risk markets

Posted on March 13, 2023 by Danielle Park

The Silicon Valley Bank (SVB, founded in 1984) and Signature Bank (publicly traded since 2004) closures over the weekend are the second and third largest US bank failures in history (the largest eight failed banks in assets and deposits, are … Continue reading →

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