GSB Quarterly Market Update — Q1 2023
16/05/2023 Written by GSB
The first quarter of 2023 brought welcome relief to investors after a challenging year in 2022, with global equities starting the year off strongly despite significant turmoil in the financial sector. The collapse of Silicon Valley Bank and the increasing impact of heightened interest rates on the broader economy highlight the increasing likelihood of a recession as central banks try to fight inflation without stifling economic growth.
In this quarterly market update, the financial events of the 1st quarter will be discussed, and insights into what investors can expect to see later in 2023 and beyond will be provided.
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GSB is built on a simple belief that everyone should gain from good financial investment, with the Company’s mission to create, protect, and grow wealth. But only in the most ethical and responsible ways possible. Headquartered in the Dubai International Financial Centre (DIFC), GSB is regulated by the Dubai Financial Services Authority (DFSA). Earlier in the year, the company launched operations in Geneva, Switzerland. And in July, the company received a Financial Conduct Authority (FCA) license to become directly authorised in the United Kingdom. The company plans to obtain permission to operate in Liechtenstein, which is regulated by the Financial Market Authority (FMA).