Banking turmoil eases but threat of wide and lasting impact remains

The global banking sector may have calmed, but its consequences could have lasting impacts on the economy, regulation, and investors. The World Bank warns that if the current run of financial news sparked a recession, it could contribute to a lost decade of growth for the global economy.

March 28, 2023 . 10:29 AM

1 min read

Global banking turmoil may have calmed, but its consequences could have lasting impacts on the economy, regulation, and investors.
The World Bank warns that if the current run of financial news sparked a recession, it could contribute to a lost decade of growth for the global economy.
Bank runs are nothing new, but the current troubles have put regulations back in the spotlight.
The collapse of Silicon Valley Bank has left start-ups with a giant funding hole, and it is likely to have hastened the end of rapid rises in interest rates.
Victims of the collapse of Silicon Valley Bank in the US range far beyond the tech sector.