‘The state must not fix everything’: Raiffeisen CIO on SVB collapse

Insolvent lender Silicon Valley Bank should not receive government support, said chief investment officer of Raiffeisen Switzerland, Matthias Geissbühler. ‘We need a little more composure,’ stated Geissbühler on Twitter. ‘Let the market be the market. The state cannot and must not fix everything.’ It was inevitable that surging interest rates…