Money

Barely three months into 2023 and we have seen a series of major banking crises unfold right before our eyes. Silicon Valley Bank collapsed, followed by Signature Bank and Credit Suisse is encountering turmoils that send panic across the market. All these on top of global economic crises, inflation, rising cost of living, major economies of the world facing strong headwinds, energy crisis, stock market instability, post-pandemic recovery, and the Ukraine War; we are indeed living in a time of polycrisis, chaos and panic. One thing that many people believe is that there is a financial crisis happening right now.…