US bank stocks are soaring, hitting their highest levels since the collapse of Silicon Valley Bank (SVB) in 2023. The recent strong quarterly earnings reports from JPMorgan Chase and Wells Fargo have bolstered investor confidence in the broader economy.
Read MoreChina's financial sector is facing a potential crisis, with reports suggesting that as many as 40 banks could be teetering on the brink of bankruptcy. This alarming situation stems from a confluence of factors threatening the stability of the Chinese financial system.
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