Economy

To understand the 2023 banking crisis, look back to the 2008 financial meltdown


The Wall Street entrance to the New York Stock Exchange is seen in New York City on November 15, 2022. With its aggressive interest rate hikes, the Fed has opened a Pandora’s box of contagion risks with viral uncertainty spilling over into several banks, reminiscent of the mood of 2008. Photo: Reuters

The Wall Street entrance to the New York Stock Exchange is seen in New York City on November 15, 2022. With its aggressive interest rate hikes, the Fed has opened a Pandora’s box of contagion risks with viral uncertainty spilling over into several banks, reminiscent of the mood of 2008. Photo: Reuters



READ SOURCE

Business Asia
the authorBusiness Asia

Leave a Reply