U.S. House Panel flags China war risk for banks

Amidst escalating global tensions, the U.S. House of Representatives’ China committee has recently thrown a spotlight on an unsettling scenario: the resilience of American banks in the event of a conflict with China. The committee’s report, a comprehensive document reflecting deep concerns over the U.S.-China power dynamics, underscores the imperative for the Federal Reserve to […] source: https://www.cryptopolitan.com/us-house-panel-flags-china-war-risk-banks/