The recent collapse of three high-profile banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud.
Source: https://www.coindesk.com/consensus-magazine/2023/03/17/this-crisis-will-define-the-future-of-money/?utm_medium=referral&utm_source=rss&utm_campaign=headlines