Personal Finance | A crisis of confidence in the banking sector | City Press

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Personal Finance | A crisis of confidence in the banking sector

ture Bank on March 12. These bank failures sparked a flashback to the banking crisis in 2008 and have weighed significantly on markets.

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It is articles like this that cause panic. Telling people, “have no fear”. That’s what SVB did. In terms of compliance and banking infrastructure, SA is definitely one of the best globally, but the stringent regulations makes it almost impossible for the growth of fintechs.

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