Stocks on Wall Street have climbed after the rescue of Credit Suisse calmed nerves about a larger banking crisis.
The United States treasury secretary, Janet Yellen, says the local financial sector is stabilising after it was put to the test by the collapse of two banks this month.
But the world’s largest economy is still facing some strong headwinds.
Al Jazeera’s Gabriel Elizondo reports from New York, the United States.
– Subscribe to our channel:
– Follow us on Twitter:
– Find us on Facebook:
– Check our website:
@AljazeeraEnglish
#Aljazeeraenglish
#News
#UnitedStates
#economy
#bankingcrisis…(read more)
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Federal Reserve Chair Janet Yellen recently addressed concerns over the state of the US banking system, stating that the failures currently being experienced are “very different” from those seen in the 2008 financial crisis.
In remarks made to the World Affairs Council of Philadelphia, Yellen emphasized that the current bank failures are largely a result of lower oil and commodity prices, rather than the kind of systemic weaknesses that led to the 2008 crisis. She noted that, while energy and commodity producers make up only a small fraction of the US economy, the recent drop in prices has had a significant impact on banks that lent heavily to these industries.
Yellen also pointed out that, since the financial crisis, banks have been required to take on higher capital and liquidity standards, which has greatly improved their resilience in the face of economic shocks. This, coupled with the Fed’s “stress testing” exercises, has helped to ensure that US banks are better equipped to deal with financial turbulence than they were in 2008.
However, Yellen warned that there are still risks to the US banking system, particularly in the form of cybersecurity threats and the ongoing issue of “too big to fail” institutions. She emphasized the importance of continuing to implement reforms that promote greater stability in the financial sector.
In conclusion, Yellen’s remarks suggest that while the current wave of bank failures is concerning, it is not indicative of a larger systemic issue. The improvements made to the banking system since 2008 have helped to ensure that banks are better able to withstand economic shocks, but there is still work to be done in terms of addressing remaining vulnerabilities. Ultimately, a continued focus on stability and reform will be key to ensuring a secure and resilient US banking system.
she is right is not the same it is way worse
US federal govt printing toilet papers to shore up banks . More banks collapsing soon .
Ya the difference is, there really isn't a real crisis this time.
It is not true don't brain wash please
Many indian buy cryptocurrency
Buy cryptocurrency aseets
Buy bitcoin and other cryptocurrency
Bitcoin trading right now will be at every wise individuals list . In few months you'll be ecstatic with the decision you made today
ⵉⵎⴰⵣⵉⵖⵏ
We are not Arabs, but under Arab colonialism since the Arab lobby took power from French colonialism. Since the beginning of the twentieth century, the peoples of North Africa (Tamazgha: Morocco, Algeria, Tunisia, Libya, Mauritania, and others) have been subjected to compulsive identity arabization .These nationalists regimes employ religion to make Arabism, from which Islam emerged , the only sublime identity for every individual and reject the ancestral Berber-Mediterranean-African cultural heritage. Through the media and education, they falsify the history of this region and obliterate it. They fuel the conspiracy against the West and Israel to isolate the Amazighs from the dimocratic global ocean and stuff them with Arab ideology to spread Arabism where there are no Arabs ، Until we exported only Islamic terrorism and desperate immigrants.The world genetic map of the peoples determined the percentage of Arabs from one percent in Morocco and Algeria to seventeen percent in Egypt, regardless of geography,archeology ,history and traditions. Few understand the imposed Arabic language and no one speaks it on the ground.We call on free peoples, their parliaments, and human rights organizations to reveal the racist practices of Arab national expansion in North Africa, which even ban the ancestral Amazigh names and stop calling our land the Arab Maghreb, Arab world or the Arab nation.
No more print dollar
People spending is why the costs stay high. They will never go back of consumer don’t stop spending. They are encouraging poor behavior from corporate America and governments alike.
Inflation is a lot higher than 9% and they aren’t considering shrinkflation or the fact that since FDA guidelines have been laxed companies are allowed to substitute materials and ingredients with inferior quality. INFLATION, SHRINKFLATION & CUTTING COSTS all should be considered when calculating true rises in costs across the board. Food products are smaller in size and quantity, inferior in quality and higher in costs. Customer service has also suffered.
The self-willed man looks for a pretext to seperate himself, he strives with all his strength to break away.
NO COUNTRY WANTS USA DEBT !
Another quick useless video for mass consumption. Complex issues are reduced to video for the masses who are either too lazy, too cheap, or too illiterate to read the real news..
worse