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EU leaders play down bank risks as economy weakens

European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy

European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy. The deliberations Friday by EU government heads in Brussels follow U.S. regulators shutting down two U.S. banks and a Swiss-orchestrated takeover of troubled lender Credit Suisse by rival UBS. The emergency actions on both sides of the Atlantic revived memories of the 2008 global financial meltdown and the ensuing EU sovereign debt crisis, which almost broke apart the euro currency now shared by 20 European countries. German Chancellor Olaf Scholz says “the banking system is stable in Europe.” Dutch Prime Minister Mark Rutte says “I think we are in good shape.” Read moreEU leaders play down bank risks as economy weakens

Scottie Scheffler and Rory McIlroy had to play some of their best golf just to reach the semifinals of the Dell Match Play. Scheffler was 2 down in the morning match and 3 down to Jason Day in the afternoon. He rallied to win both as he tries to join Tiger Woods as the only back-to-back winners of Match Play. McIlroy made nine birdies in the morning and eight in the afternoon. He needed them all. His 12-footer on the 18th beat Xander Schauffele. Also advancing to Sunday were Sam Burns and Cameron Young. Read moreScheffler, McIlroy at their best to reach Match Play semis

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