American Banks May Dodge a Chinese Meltdown
The following video is from Thursday's installment of The Motley Fool's Financials show, in which analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.
While the actions of the Fed, and coming interest rate changes, have most of the financial headlines in the U.S., China is facing a lot of turmoil at the moment. In this segment, David discusses several of the challenges China is currently facing, and lists several big U.S. banks that have divested themselves of major Chinese assets recently, in order to take profits and reduce their exposure to what could be the next major financial meltdown.
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The relevant video segment can be found between 1:35 and 2:48.
The article American Banks May Dodge a Chinese Meltdown originally appeared on Fool.com.David Hanson owns shares of Goldman Sachs. Matt Koppenheffer owns shares of Goldman Sachs and Bank of America. The Motley Fool recommends Bank of America and Goldman Sachs. The Motley Fool owns shares of Bank of America and Citigroup Inc. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.