Lates News

In a global fund manager survey conducted by Bank of America in May, 43% of investors listed trade wars as the most likely factor to trigger a systemic credit crisis. The second most likely source was shadow banking in the US, with 25% of investors believing it to be the cause. In a press release issued by Bank of America at the same time as the survey, it was stated that the results of the US-China economic and trade negotiations "prevented an economic recession or credit event". This survey was conducted before the announcement of tariff cuts on Monday.