Are Failing Banks About to Destroy the Economy?

Are Failing Banks About to Destroy the Economy?

a year ago
Anonymous $Gb26S9Emwz

https://www.vice.com/en_us/article/v7b4jx/silvergate-svb-failing-banks-economy

This week, amid mounting worries about a looming recession that may have already begun, two banks in the United States collapsed. 

Both banks served the technology industry—already heavily hit by interest rate hikes and the general downturn as a result of the COVID-19 pandemic and the war in Ukraine—albeit in different ways. 

Are Failing Banks About to Destroy the Economy?

Mar 10, 2023, 6:16pm UTC
https://www.vice.com/en_us/article/v7b4jx/silvergate-svb-failing-banks-economy > This week, amid mounting worries about a looming recession that may have already begun, two banks in the United States collapsed.  > Both banks served the technology industry—already heavily hit by interest rate hikes and the general downturn as a result of the COVID-19 pandemic and the war in Ukraine—albeit in different ways.