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Tag: SVB

Global financial stocks lose $465bn over SVB collapse
Banking

Global financial stocks lose $465bn over SVB collapse

As a result of investors reducing their exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s failure, the market value of global financial equities has fallen by $465 billion in only two days. According to Bloomberg, the MSCI Asia Pacific Financials Index lost as much as 3.1% on Tuesday, dropping […]

SVB collapse deepens crisis fears despite US intervention
Banking

SVB collapse deepens crisis fears despite US intervention

On Tuesday, after assurances from President Joe Biden and other authorities failed to soothe the markets and triggered a reevaluation of the outlook for interest rates, the fallout from the failure of Silicon Valley Bank further battered international bank equities. According to Reuters, Biden’s attempts to assuage investors’ concerns about a possible spread of the […]

Silicon Valley Bank
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Regulators shut, put Silicon Valley Bank for sale

California banking regulators have on Friday closed down Silicon Valley Bank Financial Group, making it the largest bank failure since the financial crisis. According to Reuters, the regulatory body immediately made moves to protect depositors at the startup-focused lender. The Federal Deposit Insurance Corporation was appointed receiver by the regulator, placing the tech-heavy lender into […]