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The ongoing banking debacle is not a rerun of the global financial crisis – neither its good nor its bad bits
Leslie Yee
Published Thu, Mar 23, 2023 · 05:50 AM
INVESTORS these days are constantly confronted with crises. In early 2020, the Covid pandemic was spreading across many countries. In early 2022, Russia invaded Ukraine.
Recently, a banking crisis erupted. Three banks in the US failed this month: Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank.
Over the weekend, the Swiss authorities engineered a deal for UBS Group to buy the teetering Credit Suisse Group – supported by billions in state funding.
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