Analysis-Bank panic raises specter of 2008, may bring lasting change
Yahoo! Finance
The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memories of the financial crisis. In the space of a week, two U.S. banks have collapsed, Credit Suisse Group AG needed a lifeline from the Swiss and America's biggest banks agreed to deposit $30 billion in another ailing firm, First Republic Bank, in a bid to boost confidence. Evoking recollections of the frenzied weekend deals to rescue banks in the 2008 financial...
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