Financial markets on edge as confidence in banks erodes: What you need to know via financialpost
Tech was a good place to be for much of the past couple of decades. But it also meant that SVB had a lot of eggs in one basket. As inflation and interest rates soared last year, investors grew less willing to get behind companies that were putting growth ahead of profits, causing a chill among a set of companies that hadn’t had to work very hard to raise money during an extended period of ultra-low interest rates. That meant SVB didn’t have as much money coming in.
Eventually, depositors grew nervous about the health of SVB’s balance sheet and started a run on its assets last week. That’s when regulators shut it down. amid signs of a run on its deposits. It was the third U.S. regional bank to collapse in five days, following SVB and Silvergate Capital Corp., who faces criminal charges over the implosion of his company.Article contentThere’s a general uneasiness in financial markets over whether the global economy can handle the sharp increase in interest rates orchestrated by the Fed and other central banks over the past year. Labour markets in the U.S.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Silicon Valley Bank failure could spark run on regional banks: sourcesThe failure of Silicon Valley Bank on Friday could lead wealthy individuals and businesses to pull their money out of other regional and mid-sized banks across the country.
Weiterlesen »
Silicon Valley Bank failure could spark run on regional banksThe failure of Silicon Valley Bank could spark a run on other regional and mid-sized banks across the country, as wealthy individuals rush to pull their...
Weiterlesen »
Silicon Valley Bank failure could trigger run on U.S. regional banksFed and FDIC decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States.
Weiterlesen »
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5KGood morning Asia, here's what's making news today: 1. Bitcoin rebounds above $22.5K after Federal regulators vow to protect Silicon Valley Bank customers. 2. SIVB's collapse shows the weaknesses of small US banks. TheSamReynolds and JPRubin23 report
Weiterlesen »
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Weiterlesen »
Silicon Valley Bank is seized by U.S. after historic failureSilicon Valley, the nation’s 16th largest bank, failed after depositors — mostly technology workers and venture capital-backed companies — hurried to withdraw money this week as anxiety over the bank’s balance sheet spread.
Weiterlesen »