BBCNEWS Asia July 6, 2024
the wall street giant said it would pay $10.6—billion—dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let's ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get ...