Last night in the US we saw a number of regional banks run into issues and have dramatic falls in share price. A range of the largest US banks including JP Morgan, Bank of America and Wells Fargo fell over 5%. Bond yields tumbled (bond prices rose).
This could be the precursor to a deeper banking crisis. We run through the issues and the effect on your portfolios.
In this investment podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, Chief Operating Officer, Shelley George and Senior Financial Adviser, Samuel Kerr discussed this breaking update.
- Commercial Property
- Banking standards tightening
- Insolvencies are back
- Delayed effect of interest rate rises
- Investment implications
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
Sam Kerr is a Senior Financial Advisor at Nucleus Wealth.