Business Daily Stress Tests 24 Nov 11
Why the Federal Reserve is calling for the toughest stress tests ever for its banks. Why, despite the crisis, business is booming in Israel; and why the cost of dying is spiralling in South Africa.
European banks may be crumbling but the Federal Reserve reckons it's time for the toughest stress tests yet to prove that US banks can really cope with the worst that's thrown at them. Smart move or recipe for disaster? We ask a former US Deputy Treasury Secretary, Stuart Eizenstat.
Also, we have a report from Israel where, despite the crisis, business is still booming.
And we hear from a Thai businessman who, after the flood disaster in his country, is still bailing out water from his sodden widgets.
And finally the 大象传媒's Milton Nkosi tells us why the cost of dying is spiralling in South Africa.
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- Thu 24 Nov 2011 08:32GMT大象传媒 World Service Online
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Business Daily
The daily drama of money and work from the 大象传媒.