Issue 17: The U.S. Big Four Report: Crisis? What Crisis?

The U.S. “Big Four” banks began reporting their quarterly earnings on April 14. The slew of earnings has been much anticipated given the recent turmoil surrounding the failures of Silicon Valley Bank (SVB), Signature Bank and Credit Suisse. Observers were hoping to see signs that the crisis, which resulted from a “perfect storm” of poor risk management, fear, and social media inspired panic, was an isolated event. Investors were looking for validation that this was not a repeat of the widespread systemic failures of prior financial crises. They were not disappointed.

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By Charles Marleau CIM® and William Mitchell CIM®

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By Charles Marleau CIM® and William Mitchell CIM®

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