Tech Tank episode 69: Bank failures and the tech sector
On this episode of the TechTank Podcast, Nicol Turner Lee unpacks how recent bank failures have impacted the tech sector with economist Aaron Klein.
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On this episode of the TechTank Podcast, Nicol Turner Lee unpacks how recent bank failures have impacted the tech sector with economist Aaron Klein.
>> and as you can see, germany faring the worse. dax is down 3% at the lows for the year. not a good day in europe at all. the banks, not doing well. we saw huge declines yesterday for the banks commerce, all sharply lower and this morning, the banks are under pressure. five plus percent for lloyds, deutche banks. yesterday, european markets tumbling 4%, 5%. it was the worst daily performance for most european markets in 32 months so that means we're dating back to december of 2008 and certainly, the height of the financial crisis. so that's certainly not good news for europe shaking out today...