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The crisis of US small and medium-sized banks may not be over. Nearly 190 banks in the United States are at risk of failure. JPMorgan CEO Jamie Dimon says the crisis is not over and will last for years. The banking sector amplifies the impact of the economic cycle more than any other sector, says Daleep Singh, head of global macroeconomic research at Prudential Fixed Income. In other words, as a source of financial turmoil, US monetary policy will remain tight, he says.
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