About this episode
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.