India must nurture strong financial institutions: Uday Kotak on U.S. bank failures
Kotak praises strong domestic financial institutions in the U.S. with significant capital and capable leadership.
Kotak praises strong domestic financial institutions in the U.S. with significant capital and capable leadership.
First Republic Bank has been touted as the “weakest link” in the US banking system after the collapse of the Silicon Valley Bank in March this year.
Current bank runs in the US and Switzerland are the failures of the new global financial order put in place after the 2007-08 financial crisis, ironically, to avoid such eventualities