In barely two days, the Brussels stock exchange saw its profit of this year evaporate. Reason for that? The bankruptcy of two niche banks: Silicon Valley Bank and Signature Bank. Reminiscent of the 2008 banking crisis. What’s going on? How deep can California banks drag our stock market? And how should you react as an investor? Philippe Gijsels, chief strategist of BNP Paribas Fortis, explains. “You get into a vicious circle.”
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Two American banks out of business: how deep can this crash take our stock market? And how should you react as an investor?
