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World Business Report: First broadcast 2018/12/24 15:32 GMT: US Investors Worry Over Banking Surprise

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US Investors Worry Over Banking Surprise

First broadcast 2018/12/24 15:32 GMT

First broadcast 2018/12/24 15:32 GMT: US Investors Worry Over Banking Surprise

BBC World Service - World Business Report, US Investors Worry Over Banking Surprise

American banks have told the US Treasury they're well-funded, but investors are worried.

American banks have told the US Treasury that they're well-funded, but investors are worried as to why the government asked the question in the first place

The Christmas gift from US Treasury Secretary Steven Mnuchin was a statement that he'd spoken to the bosses of America's six biggest banks, who told him they had enough cash to lend to consumers and businesses. But investors are worrying over why the question was asked in the first place. Plus, our reporters have been finding out how much it costs for companies to spread the holiday cheer through adverts, and how much it costs individuals to eat during Christmas, with food prices on the rise and economic uncertainty in the air.

(Image: A hand puts money in to a plastic cup, held by someone else. Photo by Andy Katz/ Corbis via Getty Images)

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