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SVB-Fueled Turmoil Junks Lessons of the Global Financial Crisis
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The turmoil touched off by the collapse of Silicon Valley Bank has demolished much of what the Federal Reserve, political leaders and investors thought they had learned from the global financial crisis of 2007-09.
They assumed complex securities, too-big-to-fail banks and shadowy, lightly regulated lenders were the weak links in the system. Instead, the weak links were its mundane, ostensibly safe parts—government bonds, smaller banks and deposits.
Read more on wsj.comAbout this in other media
March's banking chaos gave short sellers their biggest profits since the financial crisis cnbc.com /1 year ago
Eurozone Banks Cut Lending Even Before Latest Financial Turmoil wsj.com /1 year ago
Financial turmoil will be felt for years, says JP Morgan boss theguardian.com /1 year ago
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