Our overview of current developments in the global banking market

With zeb.market.flash, zeb publishes a quarterly, up-to-date overview of the performance of the world’s largest banks.

Click here for the current issue with the following focus topic:
Issue 44 | April 20, 2023 | Banking turmoil raises old familiar questions

The first chapter analyses the current situation of the banking sector. The next chapter looks at the economic situation and key drivers of the banking business. The last chapter in each issue deals with a special topic in detail.  

And here is what this issue is all about:

-3.9% QoQ TSR performance of global top 100 banks

• Turmoil in the banking market has led to banks underperforming all other sectors in Q1 23, with technology being the highest performer (+19.6% QoQ).
• U.S. banks were hit hardest by market turmoil (TSR -11.9% QoQ), while Western European banks (TSR +5.6% QoQ) lifted the global top 100 banks.

-0.1% YoY real GDP growth in Q1 2023 in Germany 

• Following improved GDP forecasts, Germany and Western Europe are now expected to avoid a technical recession in 2023.
• After peaking rates in Q4 22, inflation rates in Germany (8.8% YoY) and Western Europe (7.7% YoY) declined in Q1 23 but are still way above target levels.

Banking crisis 2.0 and its regulatory implications

• The collapse of Silicon Valley Bank (SVB) and Credit Suisse (CS) in March 2023 caused significant turmoil in global banking and beyond.
• Given the widespread fear of contagion in the banking sector, we address three fundamental questions: 1) Do the failures of SVB and CS point to a larger systematic problem? 2) Do the banks’ KPIs indicate another global banking crisis? 3) Do the cases of SVB and CS call for a further tightening of regulation?

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