120: Why Are These Market Events Different From 2008?
As central banks have been trying to control inflation with the fastest rate hikes since the early 1980s, we've begun to see some cracks in the financial system. Most notably the recent collapse of two US regional banks, Silicon Valley Bank and Signature Bank, and the evolving situation around Credit Suite's liquidity position. Alex Brazier, Deputy Head of the BlackRock Investment Institute is here to tell us why this banking crisis is different from 2008 and what investors can expect to see from central banks in an effort to control inflation and protect the financial industry.