Big banks feel the pressure of financial ‘contagion’ #Big #banks #feel #pressure #financial #contagion #englishheadline


The global banking sector is under pressure after multiple banks crash, leaving fears of a plague sweeping the financial markets, says Perpetual’s Head of Investment Strategy, Matt Sherwood.

“A collapse of banks is always something that not only surprises markets but also concerns markets because banking is a confidence game more than anything else,” said Mr Sherwood.

“When a bank fails like that, people always worry about contagion risk, blowout, funding costs and high-risk premiums – so it always has a pretty volatile market reaction, and this time is no exception.”

English Headline

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