SVB Shockwaves Pound Global Bank Stocks Gripped By Contagion Fears

14th March 2023

March 14 (Reuters) - Silicon Valley Bank's collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders, despite assurances from U.S. President Joe Biden and other policymakers.

An indicator of credit risk in the euro area banking system leapt to its highest since mid-July, as worries about contagion risk after two U.S. banks collapsed compounded investor concerns about the impact on the banking sector of rising interest rates.

Read the full article at Reuters

[url=https://www.cityam.com/silicon-valley-bank-triggers-banking-rout-as-hsbc-lloyds-and-natwest-shares-tumble/]Silicon Valley Bank triggers rout as HSBC, Lloyds and Natwest shares tumble[/url]

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