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UrduFinance professor Albert “Pete” Kyle describes how the SVB-fueled banking crisis has created the conditions for a severe recession rather than the mild recession that Federal Reserve economists have predicted.
Tag: Bank Failures
Finance expert explains what the Silicon Valley Bank collapse means for the banking sector
The rapid collapse of Silicon Valley Bank, the second-largest bank failure in U.S. history, has caused ongoing worries about the stability of the nation’s banking system even as federal authorities step in to manage the crisis. Further anxieties arose with the federal takeover of cryptocurrency-focused Signature Bank — the third largest bank failure in U.