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European Banking Crisis Would Have Big Impact in U.S.

Morningstar's Matt Warren thinks the European Central Bank must build a firewall around failing European nations and banks or the crisis could spread across the globe.

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Jeremy Glaser: I'm Jeremy Glaser with Morningstar.com. European banks took another big tumble on Friday. I'm here with associate director Matt Warren to discuss the cause of the fall and what Europe might do to try to keep the banks stable. Matt, thanks for joining me today.

Matthew Warren: Good to be with you.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.