Again the ghost of banking | Editorial

Financial crises are particularly dangerous because they are unpredictable. This has long been known to be the case, which is why last week’s news is cause for concern. After the failure of three banks in the United States and the shock of the giant Credit Suisse, which this Wednesday lost a third of its market value, it is curious to fear the return of the ghosts of bankruptcy to the banking sector. We are still a long way from a demented phenomenon like the one that triggered the “subprime”in 2008, but there are emotions in the air that make it all the more difficult to predict.

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