Bank crisis in US

September 24, 2008  //  Posted by: Blog Master  //  Category: Business

US bank crisis is putting the whole world in trouble. The mortgage crisis is getting deeper in US and as a result, the US banks are in deep financial problems. The dollar value has fallen as a result of this and the gold price is increasing steeply.

The fall out of the investment giants in the banking sector, Lehman brothers, has greatly affected the banking sector, affecting the total confidence. This is followed by the fall of other banks as well. The regulators of US banks admit that, there is a fault in the banking sector making the mortgage crisis strong in US.