It was a time when banks were expanding and then surprisingly exploding.
Disruptions like Bitcoin, payment platforms,
fraud and nuclear war can fast cause a chain reaction like a
devastating nuclear bomb. The banking sector is changing, due to
negative interest rates, disruptive financial innovations and
technology. It was the beginning of the Age of Nuclear Finance. The
Global Financial Crisis followed in the footsteps of the creation of
the US shadow bank market that exploded with the default of Lehman
Brothers in 2008. The coronavirus, COVID-19, also emerged unexpectedly
in 2020 and exploded, sending shock waves all over
the world. And the next nuclear bomb is waiting around the corner.
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