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Surveillance: CS CEO Koerner Urges Patience

Surveillance: CS CEO Koerner Urges Patience

FromBloomberg Surveillance


Surveillance: CS CEO Koerner Urges Patience

FromBloomberg Surveillance

ratings:
Length:
48 minutes
Released:
Mar 14, 2023
Format:
Podcast episode

Description

 Ulrich Koerner, Credit Suisse CEO, said the bank had seen client inflows on Monday amid the collapse of Silicon Valley Bank. Magnus Billing, Alecta CEO, says its $2.1 billion bet on three niche US banks was “a big failure.” Ethan Harris, BofA Securities Head of Global Economic Research, says we are experiencing a "stress event" in an otherwise "strong" financial system. Rep. French Hill, (R) Arkansas, says the banking system is safe & sound. David George, Baird Senior Research Analyst, says SVB was "essentially a levered PE fund."  See omnystudio.com/listener for privacy information.
Released:
Mar 14, 2023
Format:
Podcast episode

Titles in the series (100)

Tom Keene, Jon Ferro, Lisa Abramowicz, and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.