Macroeconomics

The biggest events over the last two weeks have been insolvency events and rescue bids at banking institutions. First came the case of the SVB Bank in California. For the first time in a long time there was a major bankruptcy in the banking sector and memories of the 2008 banking crisis quickly came to mind. Many feared the same domino effect as with Lehman Brothers back then. The stock markets collapsed immediately and the financial world looked on with great concern at further developments.

Share this story: