◼ Archived
Business
China closes hundreds of banks to bolster financial system
China has shuttered 670 banks in a single year, reducing its total bank count by nearly 25% in a massive effort to stabilize its financial system.
Banking Crisis
2 trends tracked about this subject — the full history, oldest to newest below.
◼ Archived
World
🔮 fades
Russians turn to cash, putting more strain on slowing wartime economy
Widespread shifts toward cash and foreign currency in Russia signal growing public distrust in the ruble and the stability of the wartime economy.