SVB shockwaves rattle global banks in grip of contagion fears
By Reuters – published by Yahoo!news and Matichon SILICON Valley Bank’s collapse pressured global bank stocks further today (Mar. 14) as investors fretted over the financial health of some lenders, in spite of assurances from US President Joe Biden and other policymakers. An indicator of credit risk in the eurozone banking system leapt to […]
Read MoreMinimal impact on Thailand from collapse of 2 US banks
FINANCE Minister Arkhom Termpittayapaisith said the collapse of two US banks, Signature and Silicon Valley Bank, has little impact on Thailand as there were no transactions nor investments in them, Matichon newspaper said today (Mar. 13). US regulators closed New York-based Signature Bank on Sunday, the third largest failure in US banking history, two […]
Read MoreUS bank collapse biggest failure since 2008
By Reuters and published by Financialexpress.com START-UP FOCUSED lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. California banking regulators closed the bank, which did business as Silicon Valley Bank, […]
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