Publications
The saying goes that when the US Federal Reserve starts hiking interest rates, it keeps going until it breaks something.
If the collapse of two US regional banks is anything to go by, that day has come.
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 liquidity concerns around Credit Suisse, financial regulators in the US and globally are scrambling to contain the fallout.
