Home Money Consequences of the banking crisis in the USA and Europe

Consequences of the banking crisis in the USA and Europe

by marusia

The crisis phenomena in the USA and European countries arose against the background of the realization of interest rate risk.We are talking about raising the main interest rates by leading financial regulators, he said.

The interlocutor pointed out that some States were not prudent.

In this regard, according to the analyst, a recession is expected with a high degree of probability in Western economies. And it will be “large-scale in geography,” he pointed out. Inflation will not slow down without a recession, the expert stressed. Now, according to Susin, there are “first swallows” in Western economies facing interest rate risk.

He also pointed out the emergence of financial stability risks. At the same time, the inflation rate is still high, the expert added. The largest Silicon Valley Bank (SVB), founded in 1983, was closed by California regulators on March 10. This was the largest bank failure in the United States since the 2008 financial crisis. The bank was the 16th largest in the United States. After that, Silvergate and Signature Bank completed their activities. Swiss Credit Suisse also had problems. Against this background, the West began to discuss the banking crisis.

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