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silicon valley bank s collapse on friday has sent shock waves around the world. it s forced central banks and regulators to act. on friday, california banking regulators closed down svb financial group the largest bank failure since the global financial crisis. since then, two other regional banks have also gone bankrupt silvergate, signature bank in new york while first republic was also forced to reassure investors after its shares plunged 60% in pre market trading. in a bid to stem contagion across the industry, the us government stepped in, effectively guaranteeing deposits across the entire banking system, ensuring all account holders will be able to retrieve any funds they have on monday morning. a statement by the us treasury and federal reserve said the plan will ensure the resilience of the broader us banking system. meanwhile here in the uk, hsbc has acquired silicon valley bank uk forjust one pound. the uk govt also said customer deposits will be protec ....
five or ten years being really characterised by a lot of churn and push towards more statism. we remain quite sceptical of the ability to turn the economic fortunes. there have been good signs in the past, a few days that they are a bit more rational, realistic, setting the gross targeted 5% but the end of the day, the composition of the committee is reallyjust where xi jinping is, that shows that politics will be there for a little while longer so we take the news with a grain of salt. i longer so we take the news with a grain of salt- longer so we take the news with a grain of salt. i wonder some of the events matching grain of salt. i wonder some of the events matching away grain of salt. i wonder some of the events matching away from - grain of salt. i wonder some of the i events matching away from mainland china do weigh on the willingness of international companies to continue investing in increased investments investing in increased investments in china. we ....
When he was re elected by the national people s congress for another five years. the npc also elected li qiang one of chinese president xi jinping s most trusted allies, as the new premier over the weekend. i m joined now by agatha kratz, the director of rodhium group, an economic research provider. she leads the research on european union china relations and china s economic statecraft and it is quite interesting when we look at this in a sense of that being no political power in this organisation but there are some interesting announcements not least on the economy and now having a prime minister who used to run shanghai which is a city we absolutely associate with china s economic miracle over the last few decades. , ., , ., decades. yes, the appointment of li qianu has decades. yes, the appointment of li qiang has been decades. yes, the appointment of li qiang has been welcome decades. yes, the appointment of li qiang has been welcome as - decades. yes, the appointment of li ....
China s most powerful leader in generations last week when he was re elected by the national people s congress for another five years. the npc also elected li qiang one of chinese president xi jinping s most trusted allies, as the new premier over the weekend. i m joined now by agatha kratz, the director of rodhium group, an economic research provider. she leads the research on european union china relations and china s economic statecraft and it is quite interesting when we look at this in a sense of that being no political power in this organisation but there are some interesting announcements not least on the economy and now having a prime minister who used to run shanghai which is a city we absolutely associate with china s economic miracle over the last few decades. , ., , ., decades. yes, the appointment of li qianu has decades. yes, the appointment of li qiang has been decades. yes, the appointment of li qiang has been welcome decades. yes, the appointment of li qiang has ....