A week of banking turmoil

The FT View from Financial Times-18 March 2023 https://www.ft.com/content/f9ae2733-47e5-4400-b48c-65f4106319cb

The interest rate in U.S. is making America’s economy unstable and making start-ups to collapse. Central banks also know that they have a high risk by increasing the rates so rapidly. Although the bank system is secure compared to the 2008 crisis, it will still be a hard time to lend money from banks.