March 24 (Reuters) – It’s an old saw: A credit crunch is when your bank won’t lend to you. A credit crisis is when banks won’t lend to each other. Federal Reserve Chair Jerome Powell said Wednesday Silicon Valley Bank’s collapse and the banking system upheaval it triggered “are likely to result in …
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Author Of this post: news
Title Of post: The Fed sees a looming credit crunch. What’s that?
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