A look at the day ahead in European and global markets from Anshuman Daga
But analysts at asset manager Amundi say recession fears are the main culprit and European banks are not lumbered with weak assets that would pose challenges to capital or liquidity levels.
While the analysts expect a continuation of declining credit growth which is consistent with monetary tightening, they don't expect any credit crunch. "Most European banks have plentiful capital and liquidity to support the real economy: We expect them to remain open for business and to continue extending loans to creditworthy customers."on Monday the ECB could take a leaf from the Bank of England's book as it looks for new ways of managing liquidity in the banking sector and steering short-term interest rates in the market.
Meanwhile, a U.S. regulator sued Binance, the world's biggest crypto exchange, and its CEO and founder Changpeng Zhao for what the regulator alleged were an "illegal" exchange and a "sham" compliance programme. Zhao called the complaint "unexpected and disappointing.
European speakers: ECB President Christine Lagarde gives a speech at an opening ceremony of BIS Innovation Hub Eurosystem Centre in Frankfurt; Andrew Bailey, BoE governor Banking at Bank of England participates in a Treasury Select Committee hearing on Silicon Valley Bank
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Morning Bid: Calm returns: Investors switch to bank fundamentalsA look at the day ahead in European and global markets from Anshuman Daga
Leer más »
European markets head for higher open as investors hope volatility has passedEuropean markets are heading for a positive open Tuesday as investors in the region continue to hope that recent market volatility has come to an end.
Leer más »
Morning Bid: Weighing up the global banking crisisAsia's economic data and policy calendar this week is light, but investor focus is firmly fixed elsewhere.
Leer más »
Morning Bid: Banks are leaking moneyA look at the day ahead in European and global markets from Wayne Cole
Leer más »
Morning Bid: Brittle banks find a berthA look at the day ahead in markets from Mike Dolan
Leer más »
Morning Bid: U.S. bank deal allays systemic fearsA look at the day ahead in Asian markets from Jamie McGeever.
Leer más »