Opinions on the stock market: Banking crisis 2.0?

The situation surrounding banks has eased a little in the last few days, but the crisis is not over yet.

Institutions that generate most of their income from interest rate spreads will continue to suffer from the inversion of the US yield curve. More US regional banks can be expected to go bust. But the crisis is restricted to this one segment. The quarterly results posted by the major US banks showed that they are doing well out of the problems regional banks are facing, because investors are shifting money in their direction and away from smaller institutions. The banking crisis is therefore unlikely to spread. We favour investing in large international banks like JPMorgan Chase, BNP Paribas and HSBC. In Switzerland, asset managers Julius Baer and Vontobel are attractive, but we are not (yet) recommending UBS/CS.