In this cycle, Signature and Credit Suisse's stock slides preceded their banking panics. The proximate causation flowed from equity prices, to CDS, to deposits. (The ultimate causation stemmed from a general insolvency. But that's not unique to Signature over its privately-held counterparts.)
In this cycle, Signature and Credit Suisse's stock slides preceded their banking panics. The proximate causation flowed from equity prices, to CDS, to deposits. (The ultimate causation stemmed from a general insolvency. But that's not unique to Signature over its privately-held counterparts.)