Reforms soften blow of Europe's banking crisis but risks remain
STORY: Reforms soften blow of Europe's banking crisis but risks remain
DATELINE: March 26, 2023
LENGTH: 00:02:21
LOCATION: Rome
CATEGORY: ECONOMY
SHOTLIST:
1.various of European banks
2.various of Silicon Valley Bank
3. SOUNDBITE 1 (English): LORENZO ROCCO, Professor, Department of Economics and Management, University of Padova
4.various of European banks
5.SOUNDBITE 2 (English): ANDREA GIURICIN, Professor of finance and mobility management at Bicocca University in Milan
6.various of European Union
STORYLINE:
European analysts said that financial sector reforms put into place in the wake of the global financial crisis 15 years ago have so far helped protect European banks from being hit harder by the ongoing banking crisis. But the latest round of problems have still not fully run their course.
The current banking sector fragility was sparked by the collapse of two regional banks in the United States -- Silicon Valley Bank in California and New York's Signature Bank. Soon after, Switzerland's Credit Suiss
- Product Code
- ILEA001256157
- Registered date
- 2023/3/26 00:00:00
- Credit
- Xinhua / Kyodo News Images
- Media source
- Xinhua News Agency.All Rights Reserved
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