BBCNEWS World Business Report June 4, 2024 05:32:00
Until recently, silicon valley bank was a little—known land in california, until it failed. credit suisse was one of the most well—known banks in europe until it was undone. both were brought down by panic running through the financial system. to ease fears, the us treasury secretary told a banking conference the government was ready to help if needed. fiur ready to help if needed. our intervention _ ready to help if needed. our intervention was _ ready to help if needed. oi" intervention was necessary to protect the broader us banking system. an similar actions could be warranted if smal...