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Europe's takeaway from recent banking turmoil
The Sound of Economics
The Speed of Banking Crisis
I believe might, if we were to have another crisis, it would become again relevant, which is the speed at which events have unfolded. Credit Suisse published a result on Monday where it was made known that the deposit outflows in about a month reached almost 100 billion. A Silicon Valley bank was even faster. It was 42 billion in one day. So what this tells us is that when they happen banking crisis can be very, very fast and they can be faster than probably we are used to and faster than regulators are used to. I mean, something that is really impossible to stop once it starts.
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