Global markets rattled as banking fears spread
March 16, 2023
43 min
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926 of 1,754
March 16, 2023
Global markets rattled as banking fears spread
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CNN Episodes Around March 16, 2023
Episode 926 of 1,754 — walk the feed in the order it was published.
43:19This episodeGlobal markets rattled as banking fears spread
Summary
The banking system troubles that appeared to be easing yesterday, came rumbling back this morning with word that the struggling Swiss bank Credit Suisse was in deeper trouble than previously thought. Then came news that two credit rating firms had downgraded First Republic Bank to junk status. Those two factors sent markets plunging. Vermont Independent Senator Bernie Sanders, who chairs the Senate Health, Education Labor and Pensions Committee joins Anderson to talk about the banking trouble and a bill that caps the price of insulin at $20 per vial.
Also, a key development in Russia's downing of an American drone over the Black Sea yesterday. State Department Spokesperson Ned Price joins Anderson.
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