‘Seek-And-Destroy’ Markets Pile Pressure On Global Central Banks

The demise of three regional US banks and wobbles at global giant Credit Suisse make the next moves by central bankers extraordinarily difficult.

The European Central Bank set the initial tone of the response on Thursday, seeking to deal with the dual challenges on separate fronts.

“The market is in a seek-and-destroy mode,” a senior investment manager at Pictet Asset Management said.

Two-year US yields above 5% for the first time since 2007.

West Coast lender SVB's unraveling had all the more impact given that hawkish Fed backdrop.

Nouriel Roubini warned that Credit Suisse might be too big to fail, but also too big.