MARKETPSYCH

Schwab Bucks Trend in Latest Bankrun as Non-US Banks Take a Hit

Published on March 15, 2023

Today's bankrun is targeting large non-US banks: Credit Suisse (a repeat target from back in October 2022) and BNP. Note that Schwab is in the green, probably due to being in the US (Fed backstop) and having a supportive CEO aggressively buying his own shares.

We plotted the overnight bullishness in the media about select major banks, below:

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