Global Bank Stocks Slump Despite Biden Reassurances
Mar 15, 2023 ·
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Description
Bank shares in Asia and Europe have slumped, despite reassurances from the US president that America's financial system is safe following the collapse of two US lenders. The falls come...
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Bank shares in Asia and Europe have slumped, despite reassurances from the US president that America's financial system is safe following the collapse of two US lenders.
The falls come after authorities moved to protect customer deposits when the US-based Silicon Valley Bank and Signature Bank collapsed.
Joe Biden promised to do whatever is needed to protect the banking system.
But investors fear other lenders may still be hit by the fallout.
show less
The falls come after authorities moved to protect customer deposits when the US-based Silicon Valley Bank and Signature Bank collapsed.
Joe Biden promised to do whatever is needed to protect the banking system.
But investors fear other lenders may still be hit by the fallout.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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