Investment Updates
Regular investment updates and market views for private clients.
March 2023
Credit Suisse & SVB Update
Hot on the heels of the recent banking news in the US, we have seen further tensions develop over the past few days, but this time within Europe. Notably, it was Credit Suisse that has become the focal point, where trading was halted on March 15th, following a 20% fall in its share price. The…
Spring Budget 2023 – Key Announcements
Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Budget, in which he unveiled big changes to pensions and childcare as part of an effort to tempt people back into work, including early retirees such as doctors who left for pensions tax reasons. The hope will be that it also incentivises others not to…
Silicon Valley Bank (SVB) Update
The situation with Silicon Valley Bank (SVB) has unravelled at an incredibly fast pace. Following a sharp fall in deposits, the bank was forced to sell assets to cover the short-fall, these were mostly high-quality US mortgage-backed securities. However, these assets have fallen in value as interest rates have risen. The bank therefore crystallised a loss it needed…
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