Should the Fed continue raising rates? elerianm weighs in: 'Fed credibility is really at stake here.'
While Credit Suisse's struggles appear unrelated to the mid-tier U.S. banks, the combination of the two issues could spark a broader reexamination of the banking system among investors, according to Peter Boockvar of Bleakley Financial Group.
"What this is telling us is there's the potential for just a large credit extension contraction that banks are going to embark on [to] focus more on firming up balance sheets and rather than focus on lending," Boockvar said on CNBC's ""It's a balance sheet rethink that the markets have. Also you have to wonder with a lot of these banks if they're going to have to start going out and raising equity," he added.filed to raise $9.
The fallout from the collapse of SVB could also lead to more regulation and rising costs for the U.S. banking sector, including the potential for higher fees to regulators to pay for deposit insurance.
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