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A week of banking turmoil

Global banking system experiences cracks under historic interest rate increases, as Silicon Valley Bank collapses and Credit Suisse seeks safety line amidst fears of wider panic.

  • Global banking system experiences cracks under historic interest rate increases.
  • Silicon Valley Bank collapse sparks wider panic, Credit Suisse offered safety line.
  • US bond market volatility rises to highest level since 2008 financial crisis.
  • Central bankers face tough decisions as they balance inflation-fighting with financial stability.
  • Efforts to stave off contagion through deposit insurance and liquidity lines bring some calm, but create moral hazard.
A week of banking turmoil
Markets are buckling under high rates, complicating the response to inflation

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