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Is the recent bank failure in the US a sign of an impending financial crisis?

chinadaily.com.cn | Updated: 2023-03-29 18:22

With the largest wave of bank closures since the 2008 financial crisis happening recently in the US, the world is watching as up to 186 US banks are at risk of defaulting and collapsing. What has caused this surge of closures, and what impact will it have on the global financial markets?

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