International banks tower over pedestrians in the Canary Wharf financial district, in London, on March 16. Fears are growing of a new global banking crisis following the losses suffered by Credit Suisse and the collapse of US bank SVB. Photo: EPA-EFE
International banks tower over pedestrians in the Canary Wharf financial district, in London, on March 16. Fears are growing of a new global banking crisis following the losses suffered by Credit Suisse and the collapse of US bank SVB. Photo: EPA-EFE
David Brown
Opinion

Opinion

Macroscope by David Brown

In wake of SVB, Credit Suisse and other bank troubles, should hedge funds be banned to avert financial meltdown?

  • Hedge fund traders targeting distressed companies to make a kill will fatten their clients’ pockets at the expense of further destabilising the financial system
  • They were banned too late in 2008 for a crisis to be averted. The same mistake must not be made today

David Brown
David Brown

Updated: 2:54am, 21 Mar, 2023

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International banks tower over pedestrians in the Canary Wharf financial district, in London, on March 16. Fears are growing of a new global banking crisis following the losses suffered by Credit Suisse and the collapse of US bank SVB. Photo: EPA-EFE
International banks tower over pedestrians in the Canary Wharf financial district, in London, on March 16. Fears are growing of a new global banking crisis following the losses suffered by Credit Suisse and the collapse of US bank SVB. Photo: EPA-EFE
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