Market Sell-off: Has Countdown to next recession begun?
In this article:
Yahoo Finance Julia Hyman and Adam Shapiro break down the market sell-off with Charles Schwab Chief Investment Strategist, Liz Ann Sonders.
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About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report. The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
Reuters•