Stay 
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
The recent issues facing the US banking sector, particularly liquidity troubles at the First Republic Bank, have predictably sparked fears of a financial meltdown similar to the crash of 2008. However, despite fearmongering in the media, US banks could be in a much better shape than reports suggest.
At a White House press briefing, the Biden administration’s press secretary Karine Jean-Pierre dismissed the reports of a possible collapse of the sector. “Overall, the banking system is far more resilient and on better foundation than before the financial crisis. Again, this is not 2008,” she stated.
In an earlier address to the nation, President Biden said that the US bank system was secure. “No losses will be borne by the taxpayers,” Biden pledged, adding that the senior management of the beleaguered lenders would be fired and held accountable.
Published 22 March 2023
© Instant Trading EU Ltd
![]()
© Instant Trading EU Ltd
