Fears grow of global banking crisis following Credit Suisse losses and SVB bank failure
epa10526644 HSBC and Barclays at London's financial district Canary Wharf, in London, Britain, 16 March 2023. Fears are growing of a new global banking crisis following the losses suffered by Credit Suisse and the collapse of US bank SVB (Silicon Valley Bank). Meanwhile the ECB (European Central Bank) has increased Eurozone interest rates by 0.5 percent and has stated that it will respond to any a further market turmoil. EPA/ANDY RAIN
