US to Avoid Systemic Financial Crisis Following Silicon Valley Bank Bankruptcy

US to Avoid Systemic Financial Crisis Following Silicon Valley Bank Bankruptcy

NEW YORK (Sputnik) – The US banking system will be in chaos in the next few days due to the bankruptcy of the Silicon Valley Bank (SVB), but this will not lead to a systemic crisis of the entire system, Kyle Shostak, director of the American investment company Navigator Principal Investors, told Sputnik.

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