Bank Failures Are Tightening Credit, Says Davidson Kempner’s Yoseloff

Bloomberg, May 5, 2023–Erin Hudson
Regional bank collapses are cutting into credit availability, doing some of the Federal Reserve’s work as the central bank looks to tighten credit, said Tony Yoseloff, chief investment officer and executive managing member at Davidson Kempner Capital Management.
https://www.bloomberg.com/news/articles/2023-05-05/davidson-kempner-s-yoseloff-sees-bank-failures-tightening-credit?leadSource=uverify%20wall