Today news
About the same in other media
Smaller Banks’ Critical Role in Economy Means Distress Raises Recession Risks
Reading now: 216
Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth and raising the risk of a recession.
“The risk in terms of the spark from SVB is real,” said Greg Daco, chief economist at EY-Parthenon, a strategy consulting unit of Ernst & Young LLP. The collapse of Silicon Valley Bank set off fear among depositors that led to the failure of Signature Bank and the move to rescue First Republic Bank .
Read more on wsj.comAbout this in other media
Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms cryptonews.com /1 year ago
Hong Kong crypto firms seeing interest from Chinese banks: Report cointelegraph.com /1 year ago
Smaller Banks’ Critical Role in Economy Means Distress Raises Recession Risks wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
