The US could face economic turmoil if more banks face collapse, some of the world’s leading money managers have warned.
The caution followed the failure of First Republic, the second-largest banking failure in US history, and the third bank to collapse in the country since March.
JP Morgan Chase took over First Republic in a deal brokered by regulators – but there is a warning that the US could face a credit crunch and an economic slowdown, and at a crucial time, if another bank fails.
Please subscribe here: http://bit.ly/1rbfUog
#FirstRepublic #BankingCrisis #BBCNews
ROMA (ITALPRESS) – E’ proseguita per tutta la notte, appena trascorsa, il bombardamento israeliano sulla periferia sud di Beirut. Sono…
ROMA (ITALPRESS) – Il leader del M5S Giuseppe Conte mette i paletti sull’alleanza a sinistra: “Con il Pd c’è un…
You’re watching Path to the Presidency with Caitríona, Sumi and Katty – a weekly discussion about the 2024 US election…