SVB Collapse Won't Impact Local Banks, Says Finance Ministry 🇺🇸
The Finance Ministry reassures that the recent failure of Silicon Valley Bank in the US is unlikely to affect banks locally, ensuring stability in the financial sector.
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The collapse of Silicon Valley Bank (SVB) in the United States is unlikely to have a contagion effect on the banking sector here said Datuk Seri Ahmad Maslan.
The Deputy Finance Minister said the government is of the view that it will not spread here.
He said when replying to a supplementary question raised by Datuk Dr Shuhaili Abdul Rahman (PN-Labuan) in Parliament on Tuesday. (March 21).
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The Deputy Finance Minister said the government is of the view that it will not spread here.
He said when replying to a supplementary question raised by Datuk Dr Shuhaili Abdul Rahman (PN-Labuan) in Parliament on Tuesday. (March 21).
Read more at https://bit.ly/3JV2NaX
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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Published
Mar 21, 2023
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