BBCNEWS Politics Live June 4, 2024 10:33:00
Banking sector? the regulators are trying to calm nerves and they are saying it isn't a systemwide problem. i would saying it isn't a systemwide problem. iwould point saying it isn't a systemwide problem. i would point out that the common thread in all of these bank failures we have seen so far, including credit suisse, is the rising interest rate we have seen globally. this causes a repricing of risk. banks are in the business of taking on longer term risks and balancing with funding from short—term deposits. when the interest rate environment goes up, when interest rates go up, that balanc...