"Banking Crisis Prevention: Increased Cash Reserves Recommended"

1 min read
Source: CNN
"Banking Crisis Prevention: Increased Cash Reserves Recommended"
Photo: CNN
TL;DR Summary

In order to avoid the next financial crisis, banks may have to hold more cash reserves, according to experts. This comes as UBS agrees to buy Credit Suisse, a move that could help the banks weather any future economic downturns. The CEO of UBS has also predicted a possible recession, highlighting the need for banks to be prepared.

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