The recent banking turmoil could bring the United States closer to a recession, Minneapolis Fed Chairman Neel Kashkari said in an interview with CBS’ “Face The Nation.” “What’s not clear to us is the extent to which these banking strains are leading to a generalized credit crunch,” he said.
In the wake of recent market volatility and sharp falls in share prices, Morgan Stanley warned that the European banking sector was “not as attractive as it used to be”. Shares of Deutsche Bank fell on Friday as concerns over the stability of European banks lingered after the forced acquisition of troubled Credit Suisse by … Read more
An hour ago IMF says China’s economy shows signs of strong recovery Managing Director of the International Monetary Fund. Kristalina Georgieva said China was showing signs of a robust economic recovery. In remarks at the 2023 China Development Forum, Ms Georgieva said China’s economy was enjoying a strong rebound, with IMF January forecasts putting China’s … Read more
A branch of Deutsche Bank AG in the financial district of Frankfurt, Germany, Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images This report comes from today’s CNBC Daily Open, our new international markets newscast. CNBC Daily Open updates investors on everything they need to know, wherever they are. Like what you see? … Read more
