Banking Wobbles - Is My Money Safe?
Politicians and central banks say the situation is now stable. But banking shares have continued to fluctuate. So how bad are things and what does it mean for you and your money?
The news is full of emergency meetings, central banks offering credit lifelines and tumbling bank shares. Two US banks have gone bust, a third is in intensive care and a 170 year old Swiss bank has been forced into a shotgun wedding with its bigger and bitter rival - a move which has erased the name Credit Suisse from the financial world. No wonder people are asking - is this the start of another financial crisis? Politicians, including the prime minister, and central banks, say the situation is now stable. But banking shares have continued to fluctuate. So how bad is this and what does it mean for you and your money. The 成人快手's Business Editor, Simon Jack, has the answers in this episode of our podcast - 5 Questions On.
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