Global banking has been in turmoil over the last two weeks following a series of stunning bank collapses in Europe and the United States.
Despite a series of rescue packages for troubled lenders and the assurances of governments and financial regulators, concerns about the health of the global financial system persist in the aftermath of the March 10 collapse of Silicon Valley Bank (SVB).
Even as economists caution against comparisons to the bank failures that precipitated the 2007–08 financial crisis, investors are skittish amid speculation that other financial institutions could soon land in trouble.
Source : Are Credit Suisse and SVB’s Troubles Indicators of a Global Banking Crisis?