Shadow Banks: Are We Repeating 2008?

Is the 2008 financial crisis about to repeat itself? The Bank of England is sounding the alarm about the 3 trillion dollar shadow banking industry, warning that risky practices eerily similar to those before the subprime mortgage meltdown are back. With recent high-profile bankruptcies linked to private lenders, fears are growing that this could be just the beginning, potentially triggering a wider economic crisis. Will regulators be able to rein in these shadowy markets before it's too late?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.