Growing fallout from U.S. bank failures sparks worries across banking sector
STORY: Growing fallout from U.S. bank failures sparks worries across banking sector
DATELINE: March 17, 2023
LENGTH: 00:02:48
LOCATION: Beijing
CATEGORY: ECONOMY
SHOTLIST:
1. SOUNDBITE 1 (English): GIORGIO DI GIORGIO, Professor of macroeconomics and monetary policy at Rome's LUISS University
2. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk
3. SOUNDBITE 3 (English): XN IRAKI, Kenyan economist
STORYLINE:
Growing fallout from the collapse of two U.S. banks -- Silicon Valley Bank (SVB) from California and New York's Signature Bank has sent jitters across the banking sector.
Many experts have expressed their concerns over the failures of the two U.S. banks.
Worries about its impact on European financial institutions began to push share prices downward.
Led by banking shares, most European stock exchanges suffered significant losses on Monday and Wednesday, each time followed by only modest rebounds.
An Italian expert has said a major factor contributing to the troubles was ris
- Product Code
- ILEA001252211
- Registered date
- 2023/3/17 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
- Media size
- 1920 × 1080 pixel
- Deployment size
- 175.34(MB)*
*File size when opened in Photoshop, etc.