G-7 vows to ensure financial stability after U.S. bank failures

Finance chiefs of the Group of Seven nations vowed Saturday to take appropriate action to ensure financial stability after a series of U.S. bank failures raised concern about spillover effects, asserting that the financial system remains resilient for now.In a joint statement after a three-day meeting in Niigata, the G-7 underlined the need to address "data, supervisory and regulatory gaps" in the baking system after they weighed risks from the widespread use of messaging apps and online banking, blamed for causing digital bank runs.The G-7 also said it will aim to launch efforts to build r…READ FULL ARTICLE