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	Podcast:		Bloomberg Surveillance
	Episode:		Surveillance: CS CEO Koerner Urges Patience
	Category:		Business
	Duration:		00:47:46
	Publish Date:		2023-03-14 14:58:30
	Description:		Ulrich Koerner, Credit Suisse CEO, said the bank had seen client inflows on Monday amid the collapse of Silicon Valley Bank. Magnus Billing, Alecta CEO, says its $2.1 billion bet on three niche US banks was “a big failure.” Ethan Harris, BofA Securities Head of Global Economic Research, says we are experiencing a "stress event" in an otherwise "strong" financial system. Rep. French Hill, (R) Arkansas, says the banking system is safe & sound. David George, Baird Senior Research Analyst, says SVB was "essentially a levered PE fund." See omnystudio.com/listener for privacy information.
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