Unlike in 2008, timely intervention by US lawmakers in SVB is good, but panic not yet over: Abhishek Agarwal
The collapse of two US banks, SVB and Signature Bank, in a matter of hours has caused a global financial crisis risk to be heightened, and has led to the selloff of stocks across the globe. Unlike in 2008, US policymakers have moved early and at scale to stem the brewing contagion risk by providing 1-year credit lines to the US banks. This has prevented a full blown financial crisis.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
