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Greg Ip: A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis
Though the Fed and FDIC have stopped contagion from SVB for now, smaller banks could face pressure for years to come. In decades past, banking crises around the world routinely took years to unfold. From 1980 to 1994, roughly 3,000 mostly small U.S. savings and loan institutions and banks were closed or bailed out. The S&L crisis began when
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Posted: March 29, 2023 Wednesday 09:00 AM