BBCNEWS World Business Report July 6, 2024
shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we've seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb's collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we're nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with u...
Source: archive.org