Banking Turmoil Pounding Investor Confidence, Surveys Show
LONDON—This month’s U.S. banking system turmoil and renewed recession worries have left global investor confidence at one of the lowest levels in the last 20 years, and that does not even account for this week’s demise of Credit Suisse.
A monthly survey carried out by investment bank BofA following the collapses of Silicon Valley Bank and Signature Bank, but before Sunday’s Credit Suisse takeover, showed the perception of risk levels worsening dramatically.
BofA’s self-compiled “Financial Market Risk Indicator” of investor worry levels jumped to 7.7, leaving it just off the extreme highs of last year amid the Ukraine war and above both its global financial crisis and COVID-19 outbreak peaks….