Bank of England in emergency talks as Credit Suisse crisis deepens – The Telegraph
15.03.2023, 23:09

Bank of England in emergency talks as Credit Suisse crisis deepens – The Telegraph

The Bank of England was holding emergency talks with international counterparts last night amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG, the Telegraph reported on Wednesday per Reuters.

Key quotes

Bank of England officials were in talks with counterparts, as they all raced to assess the potential impact of the problems at Credit Suisse, a ‘systemically important’ institution that is enmeshed in the global financial system. 

Experts predicted that it will require a bailout to prevent a collapse that would rock banks and pension funds around the world.

The crisis was in contrast to the improving picture that the Chancellor attempted to paint as he unveiled forecasts from the Office for Budget Responsibility that the UK will avoid a recession this year. 

The Chancellor said the brighter outlook was “proving the doubters wrong” as the latest projections showed inflation falling to 2.9 per cent by the end of the year.

Mr Hunt said the economy was now “on the right track” after the Office for Budget Responsibility (OBR), the government's tax and spending watchdog, said any downturn would be “shorter and shallower” than predicted just four months ago.

However, senior economists warned that the collapse of Credit Suisse had the potential to upend a recovery from the twin shocks of pandemic and war in Ukraine.

GBP/USD licks its wounds

GBP/USD picks up bids to 1.2065 to pare the biggest daily loss in a week during Thursday’s inactive session.

Also read: Forex Today: Dollar and Yen jump as panic takes over markets

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik