Skip to main content

Even if the worst is over for banks, the outlook remains bleak

A risk-on mood has prevailed today amid easing concerns over the US banking system. That seems to reflect a view that intervention, perhaps including an extension of FDIC insurance to deposits above the existing $250,000 cap, will see off further crises. It makes sense that this would calm the most acute concerns over US regional banks; but that doesn’t mean that the outlook is all rosy. After all, recent events have soured what already looked to be a fairly bleak outlook for the US economy.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access