Frankfurt For seven months, it was inflation and higher-than-expected interest rate hikes by central banks that worried investors the most. But the financial world has changed in the past two weeks.
The bankruptcies of Silicon Valley and Signature Bank in the US and the emergency takeover of Credit Suisse by UBS put another problem in focus for institutional investors: according to Bank of America, the so-called systemic credit event, that is, a mass default, was raised in March to first place. Among the biggest potential risks that may affect the markets.
Each month, Bank of America (BofA) asks institutional investors around the world how they rate the economy and how they position themselves in various investment funds. The survey that garnered the most attention was taken between March 10 and 16 – after the Silicon Valley bank collapse and shortly before the Credit Suisse bailout.
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