This Monday morning, the American authorities crossed their fingers.
Their hope: that First Republic Bank, the most weakened of American banks, will not have to be placed under guardianship as Silicon Valley Bank (SVB) and Signature Bank were.
Beyond this very short-term wish, their wish is that the crisis which hits "average" banks and affects the largest so-called "systemic" establishments, is only a temporary crisis of confidence in the liquidity of a few banks. poorly managed.
And not the sign of a vast financial panic which would involve all the economy by precipitating a freezing of the circuits of the credit.
In a word, at the Treasury, as at the Fed, we hope that the bankruptcies of Silvergate Bank, then SVB and Signature Bank, are not equivalent to the implosions of those Wall Street heavyweights represented by Bear Stearns, Lehman Brothers and Merrill Lynch in 2008.
Washington's big moneymakers are encouraged in this hope by the good performance of the markets...
This article is for subscribers only.
You have 81% left to discover.
Want to read more?
Unlock all items immediately.
TEST FOR €0.99