Bundesbank following US instability ‘very closely’ – Nagel
Central bank president says AI and geopolitics pose risks to financial stability
The Deutsche Bundesbank is following signs of US financial instability “very closely”, its president has said.
Joachim Nagel welcomed attendees at an event on November 6 marking the release of the bank’s 20th financial stability review by celebrating how central banks continued to monitor the health of the financial system.
He said the Bundesbank had taken note of the collapse in September of two US companies, auto parts maker First Brands and auto loans provider Tricolor Holdings. Two regional US
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