FM chairs meeting to review preparedness of PSBs
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
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
The impact will be limited for most rated financial institutions in Asia-Pacific (APAC), says Moody's.
It isn’t just about high-interest rates impacting investment or bad biz decisions, but systemic promotion of unregulated or lightly regulated capital, low-interest regime and debt-fueled growth model