JP Morgan bought First Republic Bank, the USA’s second-biggest bank failure in history.
The Federal Reserve hiked rates another 25 bps to their highest level in 16 years, along with Tuesday’s surprise increase from the RBA.
Jenny Craig is reportedly closing its operations after 40 years, as it struggles to secure financing, and the Californian lender PacWest’s future looks uncertain. Our team have been talking about this for a long time and today we discuss if this is the end-of-cycle shock we’ve been waiting for?
In this week’s podcast Nucleus Wealth’s Chief Investment Officer Damien Klassen, Chief Strategist David Llewellyn-Smith and Senior Financial Adviser Samuel Kerr discuss this hot topic.
Agenda: The Fed has finally broken something
- Accelerating small bank credit crunch
- Past Bear Stearns headed for Lehman
- Fed done but will now wait for recession to cut
- Second round of banking crisis
- Europe and China next
- Reporting season – shoe has yet to drop for analyst forecasts
- The Australian problem
Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Samuel Kerr is a Senior Financial Adviser at the MacroBusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Samuel Kerr is an Authorised Representative of Nucleus Advice Pty Limited, Australian Financial Services Licensee 515796. And Nucleus Wealth is a Corporate Authorised Representative of Nucleus Advice Pty Ltd.