Is a Banking Crisis Coming Back to Haunt Us?

Pryce, Vicky (2023) Is a Banking Crisis Coming Back to Haunt Us? Birmingham City University, Centre for Brexit Studies Blog.

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We seem to be going from one crisis to another. Just as prospects for the world economy seemed to be improving after a shaky 2022 and inflation looks like coming down sharply as energy prices stabilise , a banking crisis threatens. First the Silicon Valley Bank(SVB), the 16th largest bank in the US was forced to close as clients, mostly tech firms and venture capital funds, withdrew money in large quantities. The bank had also been forced to sell government bonds and mortgage-backed securities at a massive loss while trying to boost its liquidity .

Item Type: Other
17 March 2023Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 22 Mar 2023 15:05
Last Modified: 22 Mar 2023 15:05

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