Biden Fails to Quell Fears of SVB 'Contagion' With US Investors Hit Hard, Ex-Bank Gov. Says

Biden Fails to Quell Fears of SVB 'Contagion' With US Investors Hit Hard, Ex-Bank Gov. Says

The collapse of the Silicon Valley Bank (SVB) has prompted fears of contagion which persist despite US President Joe Biden’s Monday assertion that the situation is under control, the former governor of the Central Bank of Cyprus and professor emeritus of the University of Leicester Panicos Demetriades told Sputnik.

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