The problems in the banking sector can hardly be extended to the US economy

clock • 3 min read

The banking sector has experienced another weekend of tensions, with the collapse of First Republic. The bank released its first quarter results last week, which revealed that its customers had withdrawn $102bn worth of deposits. This would be the fourth bank to fail, following the collapse of Silicon Valley Bank (SVB), Silvergate and Signature. However, despite the fact that several banks have already been affected, it is not expected that these problems will spread to the US economy, much less to Europe. "There could be more problems, but always focused on the same type of bank: US ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


More on Comment

Rebecca Lewis

Factoring in AI when investing in emerging markets 

Rebecca Lewis
clock 01 June 2023 • 5 min read
How to advise on working from home in Spain with new tax breaks

How to advise on working from home in Spain with new tax breaks

Jason Porter
clock 24 May 2023 • 4 min read
Christopher Rossbach (pictured), is portfolio manager of J. Stern & Co World Stars Global Equity fund

Berkshire Hathaway AGM: The Lollapalooza of long-term investing

Christopher Rossbach
clock 12 May 2023 • 5 min read