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Will the collapse of a U.S. bank impact us here in Australia?

Will the collapse of a U.S. bank impact us here in Australia?

The Daily Aus

March 13, 202311m 45s

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Show Notes

The collapse of Silicon Valley Bank (SVB) over the weekend was the largest bank failure since the 2008 global financial crisis.

The Biden administration has guaranteed that no customers will lose their money.

Will this end up being a one-off event? Or could it lead to economic contagion? We’ll let you know in the deep dive.

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