The saying goes that when the US Federal Reserve starts hiking interest rates, it keeps going until it breaks something.
The collapse of Silicon Valley in California marks the biggest bank failure in the US since 2008, and paired with the subsequent collapse of Signature Bank in New York and a liquidity concerns around Credit Suisse, financial regulators in the US and globally are scrambling to contain the fallout.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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