G-7 finance chiefs see financial system resilience despite challenges

Finance chiefs from the Group of Seven nations see the need to urgently tackle emerging challenges posed by the widespread use of messaging apps and online banking, despite the financial system so far maintaining resilience in the wake of several U.S. bank failures, a Japanese government official said Friday.As the possibility of a U.S. default looms over an ongoing three-day meeting of the G-7 finance ministers and central bank governors, the United States explained the current economic situation regarding its debt ceiling, the official added.The gathering is partly meant to shore up confi…READ FULL ARTICLE