Jeffrey P. Snider: Banks around the world are preparing for something.

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Over the last several weeks there have been concerning developments across the global banking system. Overseas data point to serious enough trouble it is causing foreign official institutions to take evasive actions. But it isn’t just offshore banks; data for domestic US banks shows correlated behavior. What’s behind this sudden global liquidity hoarding?

Banks around the world are preparing for something.

This is a pretty important video that I highly recommend checking out in its entirety here:https://t.co/LrnAF6pHfW pic.twitter.com/F8gCHupS0M

— Jeffrey P. Snider (@JeffSnider_EDU) November 28, 2023

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