RE: Nervous markets23 Mar 2023 14:04
LONDON, March 22 (Reuters) - The banking turmoil sparked by the collapse of Silicon Valley Bank is not yet over, and a significant number of banks will fail within two years, the CEO of hedge fund Man Group (EMG.L) told a Bloomberg conference in London on Wednesday.
Asked whether the crisis in the sector was over, Man Group's Luke Ellis told delegates he did not think so.
Market chaos forced the emergency rescue of Credit Suisse by Swiss rival UBS over the weekend in a move that has brought some calm to markets.