Global Banking Crisis came from America's Banks Collapsing । Around the World । Drishti IAS English
In this episode, Neel Parmar is with the story behind the events that made the most important international news headlines. Today he probes the following - The big financial institutions in America are in trouble. Last month, the world was left in shock by the news of the sinking of America's two of the biggest banks, i.e., 'Silicon Valley Bank' and 'Signature Bank'. Along with them, America's 'First Republic Bank' also collapsed. After this, the news of the banking crisis came from Europe as well. Here, Credit Suisse, a major bank in Switzerland, collapsed. This news was hard to believe as Swiss banking is considered the hallmark of financial soundness. It came as a surprise for many countries outside Europe as well. However, in the ruins were a series of scandals, a change in management, and significant losses. Apart from this, other banks of the world are also under stress. Long story short, the global banking sector is in a state of turmoil right now. Its tremors are being felt from America to Europe. Because of this, there is increasing concern about its effect in other countries including India. =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐀𝐩𝐩 𝐧𝐨𝐰 : https://play.google.com/store/apps/de... =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐓𝐨 𝐛𝐮𝐲 𝐈𝐀𝐒 𝐏𝐫𝐞𝐥𝐢𝐦𝐬 𝐏𝐞𝐧𝐝𝐫𝐢𝐯𝐞 𝐂𝐨𝐮𝐫𝐬𝐞𝐬 𝐚𝐧𝐝 𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐠𝐢𝐯𝐞𝐧 𝐥𝐢𝐧𝐤𝐬: 👉 For 𝐟𝐞𝐞 & 𝐨𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 of IAS Prelims Pendrive/Online Courses: https://www.drishtiias.com/online-course 👉 𝐀𝐝𝐦𝐢𝐬𝐬𝐢𝐨𝐧 Page Link for 𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞- http://bit.ly/3cAFH6L 👉 Online IAS GS (Prelims + Mains) Foundation Course 𝐃𝐞𝐦𝐨 𝐜𝐥𝐚𝐬𝐬 playlist- https://bit.ly/3xkUsDM 👉 To 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐜𝐨𝐮𝐫𝐬𝐞 call us: 9319290700/9319290701/9319290702 👉 Mail us: [email protected] =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 𝐅𝐨𝐫 𝐕𝐢𝐝𝐞𝐨 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐟𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐚𝐭 ------- 👉 Facebook: / drishtieng 👉 Twitter: / drishtiiaseng 👉 Instagram: / drishtiiase. . 👉 Telegram Channel: Link 1: https://t.me/drishtiiasenglish Link 2: https://t.me/dailycadrishtiias 👉 WhatsApp number: 9205885200 =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 👉 𝐋𝐢𝐧𝐤𝐬 𝐨𝐟 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬- 1. Latest Update: https://bit.ly/3ihWbFT 2. To The Point: https://bit.ly/3jeVXhP 3. Today's GK: https://bit.ly/3igEupX 4. Simplified: https://bit.ly/37cnefx 5. MindMaps for UPSC: https://bit.ly/3fmYky6 6. Important Government Schemes: https://bit.ly/3jcwLZq =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ 👉 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐨𝐧 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 - 👉 Daily News & Editorial: https://bit.ly/3BZb4EK 👉Daily Current Affairs MCQs: https://bit.ly/3xlZfVH 👉Weekly Revision MCQs: https://bit.ly/3iiwoND 👉Previous Year Paper: https://bit.ly/3igYTv6 #Globalbankingcrisis #SiliconValleyBank #bankingcollapse