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There is little doubt that the regional banking crisis in the US three months ago, triggered by the SVB debacle, followed up by the demise of Credit Suisse put ‘the cat amongst the proverbial pigeons’ for the global banking sector, rattling a few governments and shareholders’ feathers along the way!
The month of March 2023 saw the world’s economy, and its markets hurled into a vortex of almost uncontrollable seismic proportions. Volatility of that magnitude in equity, bond and foreign exchange markets had not been experienced since the 2008/9 ‘credit crisis.’
And greener — as the world tries to emerge from the pandemic. the prime minister told his fellow leaders, that collectively they had to learn the lessons of the 2008/9 financial crash, when the recovery he said was uneven, with the inequality it created still an issue today. it is genuinely wonderful to see everybody in person. i cannot tell you how much of a difference it makes, will be going through the most wretched pandemic that our countries have faced, our lifetimes, maybe longer. much longer. and i think this is a meeting that genuinely needs to happen because we need to make sure tha...