Why economists are warning of another US banking crisis
- Written by Ru Xie, Associate Professor in Finance, University of Bath
March 2024 is making investors nervous. A major scheme to prop up the US banking system is ending, while a second may be winding down. Some economic commentators fear another banking crisis. So how worried should we be?
The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program (BTFP), a year...