BoE Bank Liabilities Survey (Q2): Total funding volumes increased in Q2 and expected to increase in Q3

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BofA weekly card spending data (w/e 28st June): +7.0% (prev. +6.8%); many other categories have slowed sharly, perhaps due to a shift in the post-Juneteenth weekend

Iran says it will respond to US interventions in the Strait of Hormuz, Fars reports

BoE Bank Liabilities Survey (Q2): Total funding volumes increased in Q2 and expected to increase in Q3

SNB Vice Chair says liquidity and capital measures are most important to address weaknesses identified in the Credit Suisse crisis

US has informed Iran that changing the status quo around the Strait of Hormuz would be a violation of the current understanding and would be unacceptable, according to Al Arabiya sources

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  • Cost of funding on ‘other’ funding and retail deposits increased in Q2 and is expected to increase for ‘other’ funding and retail deposits in Q3.

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