Broker Check

Recent Bank Crises in Foreign Nations

Foreign Bank Crises by chris@kilmerco.com

References

Switzerland

  • https://www.news18.com/news/world/unrest-protests-in-china-as-banks-stop-customers-from-withdrawing-money-from-their-accounts-5263717.html
  • https://www.msn.com/en-us/money/savingandinvesting/too-big-for-switzerland-credit-suisse-rescue-creates-bank-twice-the-size-of-the-economy/ar-AA18YNLk
  • https://www.reuters.com/business/finance/credit-suisse-logs-worst-annual-loss-since-global-financial-crisis-2023-02-09/

China

  • https://www.reuters.com/markets/asia/chinese-depositors-left-dark-three-local-banks-freeze-deposits-2022-05-18/

Lebanon

  • https://www.al-monitor.com/originals/2023/02/lebanon-police-join-robbers-storm-bank-get-their-own-money
  • https://www.msn.com/en-us/news/world/they-stole-everything-beirut-banks-set-on-fire/vi-AA17zwxR?cvid=7905e6c9a20549a8ec033406107b5b1b&ocid=winp2fptaskbar
  • https://www.youtube.com/watch?v=ToIJLPDBato

Nigeria

  • https://abcnews.go.com/International/wireStory/nigerias-currency-longer-amid-cash-crisis-97846413
  • https://abcnews.go.com/International/wireStory/nigerian-cash-crisis-brings-pain-tough-97305162
  • https://www.npr.org/2023/02/23/1159118808/nigerians-are-furious-as-the-country-switches-currencies-creating-a-cash-shortage
  • https://www.bbc.com/news/world-africa-64626127

India

  • https://www.reuters.com/business/finance/indias-yes-bank-reports-surprise-80-plunge-quarterly-profit-2023-01-21/
  • https://www.cnn.com/2020/03/06/business/india-yes-bank/index.html
  • https://www.financialexpress.com/business/investing-abroad-global-financial-crisis-2023-why-global-banks-are-falling-like-a-house-of-cards-3033498/


Disclosures

The views and opinions expressed are based on current economic and market conditions and are subject to change.  There is no guarantee that any statements of future expectations will come to fruition.  All information presented is collected from sources believed to be reliable, but may not be guaranteed.  It is meant to provide general education and should not be considered investment advice, or a recommendation to take a particular course of action.  United Planners is not affiliated with any other entities referenced.

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