First Republic a Fourth Failure as Credit Crunch Claims Another Victim
May 1, 2023
Another regional bank falls, but the markets are seeing the forest from the trees as challenges appear contained.
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Moving away from an abnormal regime of crisis-era stimulus won’t be a smooth process.
Banks and borrowers must now deal with tighter credit conditions, bringing a quicker end to rate hikes but also more economic risks.
For all the gloomy talk about the economy in 2023, stabilizing interest rates could be a bright spot for investors.