Analyst: Consolidations of smaller banks in U.S. seem inevitable

English Español Français العربية Русский

RSS Newsletters

Radio TV

Newsletters
RSS

LANGUAGE
English Español Français العربية Русский Documentary CCTV+

Radio TV

Download

03:28

First Republic Bank's shares closed down at almost 50 percent on April 25, a day after the mid-sized U.S. bank announced a dramatic slump in deposits. Chen Jiahe, Chief Investment Officer at Novem Arcae Technologies, says that due to the loss of confidence in investors and depositors, consolidations of smaller banks seem inevitable.