Published
In Washington, D.C., this week, there were more reassurances that America’s banking system is sound.
When it comes to the financial system, it falls apart if people don’t have faith in it, experts said.
“It’s not about econometrics, or macro and micro economics. It’s about consumer psychology,” says Ian Lee of Carleton University.
There were hints of that this week with two runs on U.S. regional banks and investors rocked by concerns about the long-term viability of long-troubled Credit Suisse.
Anne Gaviola has more.
For more info, please go to https://globalnews.ca/news/9557363/credit-suisse-first-republic-silicon-valley-bank-collapse/
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#GlobalNews #svb #creditsuisse
When it comes to the financial system, it falls apart if people don’t have faith in it, experts said.
“It’s not about econometrics, or macro and micro economics. It’s about consumer psychology,” says Ian Lee of Carleton University.
There were hints of that this week with two runs on U.S. regional banks and investors rocked by concerns about the long-term viability of long-troubled Credit Suisse.
Anne Gaviola has more.
For more info, please go to https://globalnews.ca/news/9557363/credit-suisse-first-republic-silicon-valley-bank-collapse/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #svb #creditsuisse
- Category
- U.S. & Canada
- Tags
- global news, Banks in peril, Financial market
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