This banking crisis is different from the 2008-2009 financial crisis in 4 ways, Moody's chief economist Zandi says

Wed, 03/15/2023 - 12:53

Mark Zandi, chief economist of Moody's Analytics, outlined four key differences between the banking crisis now and during the Global Financial Crisis.
REUTERS/Brendan McDermid

There are four differences between the current banking crisis and the GFC, Moody's chief economist says.
Those include the scope of the crisis and the US government's response, Mark Zandi tweeted.
Zandi told CNN on Monday Americans shouldn't worry about their bank deposits.

The collapse of Silicon Valley Bank and Signature Bank, New York have rattled the banking sector, sparking fears of a contagion that could lead to the next global financial crisis.