When everyone seemed convinced that the prospect of a new crisis was extremely remote, the bankruptcy of Silicon Valley Bank, a bank whose infamous reputation was connected with the financing of technology companies, reawakened all fears that the worst was (still) ahead.

It is the second largest bankruptcy in US banking history and the largest since the 2008 financial crisis. So the panic at the end of last week, since the collapse was reported, is not inexplicable.

However, experts say the risk of contagion in the US banking system is low and that a crisis of the scale that rocked the planet 15 years ago is unlikely.

But there are banks that played dangerously, even after the tightening of banking rules, because they prevailed over all kinds of exceptions. SVB was one such bank that also went under, facing a more serious liquidity crisis.

We try to rewind the chronology of the crisis and consider its consequences.

Read more at Panorama.ro