info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Global Ripple Effects due to the U.S. Bank Failures 2023

By Garvit Vyas , 10 April, 2023

Among one the twenty most valuable European banks, Swiss bank Credit Suisse was one. But it sunk below the rank 146 on the global list of banks with the biggest market capitalizations as it has almost lost 19 percent of its market cap since March 2023. Fellow Swiss lender UBS has taken it over as a lifeline to save the Swiss economy.

Suisse's stock market value was not as low as $3.2 billion, which it was paid for in the takeover. Thus, observers believe that the bank has been sold for a meagre price. According to the reports, the bank was hit hard by the global ripple effects of two U.S. bank failures, Signature Bank and Silicon Valley Bank.

As per the information, the reasons which led to the collapse of the banking system are balance sheet losses, scandals and also the fleeing customers from two years. Also, the customers suffering from the 'stagflation economy' and the rising bank rates caused additional costs, which affected the entire banking system leading to losses ahead of mid-March 2023.

Credit Suisse has become the latest ripple in the industry, becoming a crisis for the banking world. According to the reports, banks around the globe have somewhat lost sizable chunks of their market caps after the bailouts in the U.S. happened. Some reputed banks have not registered such losses since March 11 and March 20, 2023. In Japan, the losses in the three largest banks are between 7.5 percent and 10.5 percent. But the losses are mounting in the banks of the countries like the U.S., Australia, Canada, and several Asian countries.

US Bank Failures Since 2008

2008.jpg

Latest News

2025.png
Honda and Renesas Collaborate for Next-Gen Software-Defined Vehicles in 2025

In January 2025, Honda Motor Co., Ltd. and Renesas Electronics Corporation declared a strategic collaboration to create a high-performance system on a chip (SoC) designed for Software Defined Vehicles (SDVs). This cooperation is intended to bolster…

Read More

2025.png
NVIDIA's Mega Omniverse Master Plan: Revolutionizing Robotics and AI by 2025

 In 2025, NVIDIA is set to transform AI and robotics with its Mega Omniverse Blueprint, a framework for designing, simulating, and optimizing robot fleets within the digital twins of industrial environments. This new initiative combines NVIDIA's…

Read More

Diseases.png
How Vaccines Helped Eradicate Deadly Diseases – A 2025 Breakthrough

Public health has benefited dramatically from vaccinations, which have helped completely eradicate or significantly lower the frequency of lethal illnesses. Vaccines will still be among the most potent weapons available in 2025 to stop global…

Read More

2025.png
Oil Prices Crash in 2025: Biggest Weekly Drop Amid Tariffs & Oversupply

Oil prices stay on track as United States (U.S.) sanctions on Canada and Mexico keep diverting the market and stable supply levels support a significant weekly decline in 2025. Reuters said this is the biggest weekly decline since October…

Read More

2025.png
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025

The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…

Read More

Author Pic
Garvit Vyas

Analyst