What Bank Sector Turmoil Means for the Economy

Within the last couple of weeks, global markets have become jittery about the banking sector, after a series of concerning events that started with the collapse of Silicon Valley Bank (SVB)—the biggest bank failure in the U.S. since the 2008 financial crisis. SVB and Signature Bank have been taken over by U.S. regulators, and in Switzerland over the weekend Credit Suisse was bought by UBS…

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