Categories: Economy

The Eurogroup analyzes the bankruptcy of a bank in the US.

Donohoe made remarks after the meeting of the finance ministers of the member countries of the European Union (EU) that use the euro as their currency in Brussels.

“We discussed the collapse of the SVB in the United States.” Donohoe said, emphasizing that they are following this situation closely.

Donohoe said the problem stems from SVB’s unique business model and the situation in Europe is very different.

“GOOD CONDITION”

Noting that banks in EU countries have been strengthened, strictly supervised and the Basel framework implemented in recent years, Donohoe said: “Our banks are in good condition overall.” saying.

Donohoe said that EU banks have no open positions against the SVB and will not be directly affected by the risks.

After the bankruptcy of SVB and Signature Bank in the US, concerns about the global banking sector increased. (AA)

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.