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What is it about this time of year? In 2020 it was lockdowns across most of the world. A year later snarled supply chains were further strained when the Ever Given vessel blocked the Suez Canal. Then came the horror of Russia’s war in Ukraine in 2022. And now: the collapse of Silicon Valley Bank (SVB) and UBS's takeover of Credit Suisse.
It’s too early to know if the issues in the banking sector are isolated incidents, but it is interesting that they are all coming at once, after a period of calm.
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