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Market Sell-off: Credit Suisse Woes Reignite Banking Worries 3/15/23

Market Sell-off: Credit Suisse Woes Reignite Banking Worries 3/15/23

FromSquawk on the Street


Market Sell-off: Credit Suisse Woes Reignite Banking Worries 3/15/23

FromSquawk on the Street

ratings:
Length:
54 minutes
Released:
Mar 15, 2023
Format:
Podcast episode

Description

After Tuesday’s relief rally on Wall Street, Carl Quintanilla, Jim Cramer and David Faber reacted to Wednesday's market sell-off as fears about the banking sector resurfaced, just days after the collapse of both Silicon Valley Bank and Signature Bank. Shares of Credit Suisse tumbled by more than 25% to record lows after the bank's largest investor -- Saudi National Bank -- said it could not boost its stake in CS beyond 10% due to regulatory guidelines. European bank shares took a hit on the news, dragging the global markets down with them. What should your investment strategy be when comes to the banks, including the beaten-down regionals? Also in focus: A surprise decline in February wholesale inflation data, monthly retail sales fall, BlackRock CEO Larry Fink weighs in on banks and inflation in his annual letter to shareholders.
Released:
Mar 15, 2023
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.