Investors Say Banking Crisis Far From Over Even After UBS’s Credit Suisse Deal
- JPMorgan’s Michele says Fed likely to cut rates in September
- Crisis may cause recession if credit crunch triggered: Yardeni
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The early calm in Asian markets on Monday quickly gave way to fresh jitters about the outlook for the global financial system, and investors and strategists are bracing for further tumult.
Stocks, bonds and currencies were mostly mixed at the open after UBS Group AG on the weekend agreed to take over Credit Suisse Group AG, and central banks announced extra dollar liquidity. The optimism didn’t last long.