Money At The Bank, Maybe Happy Ramadan

The federal government hiked interested rates this week days after some banks have failed in the US. The failure has shocked the America finical system, making us question our banking relationship. How does the closing of certain banks affect the economy and what is being done about it to keep the system working? Will it affect other banks worldwide? Will the rate hike make other banks fail? Is our money safe at the bank and how does inflation factor into this situation? Journalist Khalil Hachem discussed the topic with Vivek Singh, a Professor of Finance and Richard Czarnecki Endowed Collegiate Professor at the College of Business at the University of Michigan-Dearborn. Jackie Lovejoy, president of the Dearborn Area Chamber of Commerce gave an update on small business and activities in the area. The episode was broadcast on March 24, 2023 US Arab Radio can be heard on wnzk 690 AM, WDMV 700 AM, and WPAT 930 AM. Please visit: www.facebook.com/USArabRadio/ Web site : arabradio.us/ Online Radio: www.radio.net/s/usarabradio Twitter : twitter.com/USArabRadio Instagram : www.instagram.com/usarabradio/ Youtube : US Arab Radio