Could banking fears spark another Global Financial Crisis? | The Business | ABC News



Could banking fears spark another Global Financial Crisis? | The Business | ABC News

Could banking fears spark another Global Financial Crisis? | The Business | ABC News

The ASX has fallen and bond yields have edged higher after a government-backed rescue package was struck for beleaguered bank Credit Suisse.
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Swiss rival UBS is buying it at a bargain price, wiping out most of the value of its current owners’ investments.
But concerns about the stability of the global financial system remain, as Nassim Khadem reports.

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