> Scholz sees 'no reason' for concern for German banks / 33BB739
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Scholz sees 'no reason' for concern for German banks / 33BB739
Clip ID 2181927
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Description
During a press conference in Berlin, German Chancellor Olaf Scholz seeks to reassure savers about the health of the country's banks after the collapse of US lender Silicon Valley Bank sparked fears that crisis could spread. "We have made significant progress compared to the situation during the financial crisis of 2008-2009" Scholz explains, "there have been significant reforms of the public supervisory institutions, buts also in the management of banks." IMAGES AND SOUNDBITES