The financial sector's top chiefs are sounding the alarm, fearing that the next crisis may be lurking in the uncertain realm of geopolitics. From the ongoing Russia-Ukraine conflict to the Israel-Gaza tensions and the persistent Sino-U.S. rivalry, these extreme events are now seen as potential litmus tests for market resilience.

Banking leaders fear geopolitical escalations

Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said recently, as a European Central Bank official also flagged a possible tightening in lending.

Banking stress puts U.S. and Europe on watch for credit crunch

Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market that was already reeling from two large bank failures in the past week.

Financial shares fall as Credit Suisse becomes latest crisis for the sector

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