UK Business

Seven likely consequences from the banking crisis that most people haven't realised yet

Written by Konstantinos Lagos, Senior Lecturer in Business and Economics, Sheffield Hallam University

Wobbly times. PhBodrova

With four banks down in the US and Europe and at least several more wobbling, we’re currently in the throes of the worst banking strife since 2007-08. Aggressive interest rate hikes have meant that banks are sitting on hefty losses on their portfolios of government bonds – some US$2 trillion (£1.6 trillion)...

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