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Podcast: Mid-Atlantic - conversations about US, UK and world politics
Episode: Are we in a world wide banking crisis? - Mekey Gabriel
Description: Mekey Gabriel is a long-term investor who is passionate about finance, tax, investments and estate planning. She helps us today to look at the recent banking crisis across the globe.This month has seen the largest U.S. banking failure since the 2008 financial crisis when regulators closed SVB and seized its deposits, and the second largest ever with the buyout of the 167-year-old Swiss bank Credit Suisse. The SVB collapse was due to the need for it to raise $2.25 billion to shore up its balance sheet, while the Credit Suisse crisis was a result of changes...