Yes bank has a high level of bad loans and not enough capital to cover the losses putting the bank at risk of default thats why the central bank decided to place yes bank under a moratorium and is now working on a merger or takeover naturally a market based. Solutions of the problem a bank. Of the problem is a profitable we have said that in opera statement yesterday also so naturally you have to give time to the bank to the management to you know take whatever steps. Need to take. Because of the uncertain future shares of yes bank plunged more than 70 percent during trading hours wiping out around 1000000000. 00 euros of market value in a single day its the biggest fall ever of an indian blue chip stock. Yes or no bank lets go to both kind of rally krishnan who joins us from delhi for the new side scroll rohan could you tell us whether or not depositors should be panicking right now. Broadly speaking that both of our fine yesterday had so theres a bank of india which is the banking re
Yes bank has a high level of bad loans and not enough capital to cover the losses putting the bank at risk of default thats why the central bank decided to place yes bank under a moratorium and is now working on a merger or takeover naturally a market based. Solutions of the problem a bank lead investor of led resolution of the problem is already refundable we have said that in Office Statement yesterday also so naturally you have to give time to the bank to the management to you know take whatever steps they need to take. Because of the uncertain future shares of yes bank plunged more than 70 percent during trading hours wiping out around 1000000000. 00 euros of market value in a single day its the biggest fall ever of an indian blue chip stocks. Yes or no bank lets go to both had been kind of run a krishnan who joins us from delhi from the new site scroll rohan could you tell us whether or not depositors should be panicking right now. Broadly speaking to both of our fine yesterday it
Stereotype quirks that in the years in the future of the country that i dont blame. You to rethink his grandmother there you go its all about ok no im rachel join me to meet the gentleman from v. W. Post. Markets continue to plunge as the number of people infected by the coronavirus exceeds 105 as the disease spreads so to fears of a Global Economic slump well go to wall street to find out what measures if any could quell investors nerves. Also coming up Crisis Management as Companies Face supply Chain Disruption consultants are stepping in to help executives weather the storm. And its the sniff test of the future scientists come up with an ingenious way of testing whether or not suit is good to eat. This is d. W. Business im Kate Ferguson welcome. Global stocks have continued their freefall as the number of coronavirus cases surpasses 100 ties and the spread is threatening economies around the world and forcing governments and Central Banks to step in with economic stimulus heres a re
Recovery will come to order. The subcommittee is meeting today to receive testimony on Community Perspectives on coronavirus, preparedness and response. Without objection the chair may , declare the subcommittee in recess at any point. Without objection, members not sitting on the subcommittee will be permitted to participate in todays hearing. I now recognize myself for an Opening Statement. Good afternoon. We are here today to discuss the coronavirus, also known as covid19. We are at a critical point in responding to the Coronavirus Crisis that is facing our nation. Americans are concerned. Hundreds of americans are sick. Sadly, there are families mourning the loss of loved ones from the coronavirus and our hearts are with them. The nation is seeing cases on the rise and experts saying the outbreak is getting worse. In new jersey, we were just informed that we had our first death from coronavirus and at least two dozen schools are closing for coronavirus preparation. We have seen an
A business. Global stocks have continued their freefall as the number of coronavirus cases surpasses 100000 the spread is threatening economies around the world and forcing governments and Central Banks to step in with economic stimulus heres a recap of whats been a turbulent 2 weeks. Its been the worst 2 weeks for global stocks since the 2008 financial crisis from wall street to tokyo investors are facing a global epidemic that could have just asked risk consequences for the Global Economy and the u. S. The Dow Jones Industrial average fell more than 10 percent over the past 2 weeks stocks have been hit even harder and frank for the dax index has lost 15 percent since february 21st thats when cases began to surge in south korea italy and iran the coronavirus is continuing to spread outside of china with around 20000 cases recorded. More airlines have been forced to ground planes american tech giants have sent workers home and japanese officials have suggested they could delay at the T