US President Joe Biden expressed his confidence that the US banking crisis has eased. It has been reported TASS.
Biden was asked if he was sure the “banking crisis had subsided”.
“Yes,” Biden replied.
Previously, the market value of the six largest US banks (Citigroup, Morgan Stanley, Bank of America, Goldman Sachs, JP Morgan Chase and Wells Fargo) since the beginning of March 2023 – fallen By 13%, credit institutions lost about $165 billion.
Prior to that, shares of the largest French banks by trade on Wednesday, March 15, fell sharply against the backdrop of a record decline in Credit Suisse.
Earlier on Thursday, Reuters said, citing sources, that financial analysts expect the European Central Bank (ECB) to raise the policy rate by another 50 basis points (0.5%) from the current 3% to 3.5%. The tightening of the currency regulator’s monetary policy will result from the bankruptcy of major US investment bank Silicon Valley Bank (SVB).