The fall of Credit Suisse may look like 2008 but the tech identifying risk is years ahead

Real-time understanding is critical

The recent string of banking failures has been a sobering reminder to everyone that the large banks dominating the financial world are just one major crisis of confidence away from a severe fallout, which can have serious ripple effects across global markets.

The shotgun merger of UBS and Credit Suisse in March was the latest, and arguably greatest, in a series of recent events - including the collapse of SVB - which have shaken investor confidence. Indeed, this is demonstrated by the results of Bank of America's monthly survey of institutional investors, conducted between the SVB and Credit Suisse failings, that shows investors are holding onto an increased amount of cash. BlackRock employed to sell down $114bn Signature Bank and SVB portfolios This is always a sure-fire sign that things are not going right in traditional markets - if ...