The key stock index in Shanghai fell 5.3 percent today. The loss, the worst in 4 years, comes after China’s central bank froze lending between the country’s financial institutions last week.
How ready are big banks around the world for the occasional financial crisis? In its annual report, the Bank for International Settlements in Basel, Switzerland, says central banks have done their part. Now it’s time for governments to do more.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.