Banking Crisis Isn't Just US Regional Banks; Europe's Banking System Might Be In Worse Shape

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • May 9, 2023 at 5:15 AM EDT

Regional banks have gotten all the attention though European banks have been experiencing serious deposit (therefore wholesale) trouble for longer.

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Bad steepening in global curves from Treasuries to German bunds even French Obligations assimilables du Trésor (OATs). Regional banks have gotten all the attention though European banks have been experiencing serious deposit (therefore wholesale) trouble for longer. And maybe worse, too.

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This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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