BBCNEWS Asia July 6, 2024
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. earlier, i spoke to oreana financial�*s chief global investment officer, isaac poole, who told me the turmoil will not end with the collapse of first republic. i think there is a real risk of th...