What have you always wondered about the economy? Tell us
Mid-day Update

PODCAST: Don’t bank on the central bank

David Brancaccio Jun 24, 2013
HTML EMBED:
COPY
Mid-day Update

PODCAST: Don’t bank on the central bank

David Brancaccio Jun 24, 2013
HTML EMBED:
COPY

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.