Today’s Bank Panic Has Alarming Historical Echoes
Snippet of Article: "The demise of three banks within just one week this month bears eerie resemblance to September 2007. ...By October 2008, the full-blown U.S. banking crises had hit European and U.K. banks, ultimately requiring the U.K. government to take majority-stake holdings in the Royal Bank of Scotland and HBOS. They were, effectively, nationalized. With that sequence of events in mind, now consider what has unfolded in the U.S. and Switzerland in recent days. ..."
Source: www.barrons.com
