Stocks just suffered their worst week of 2023, amid the remarkable failure of Silicon Valley Bank.
A Brink's armored truck idles outside the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif., yesterday. Photo: Justin Sullivan/Getty ImagesWhat happened:
The S&P lost 4.6% in the week ending Friday, its worst weekly showing of the year. It was also the worst week since September. The selloff started Tuesday, after Federal Reserve Chair Jerome Powell opened the door to a more rapid pace of rate hikes
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
Weiterlesen »
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Weiterlesen »
Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
Weiterlesen »
European banking stocks sink as Silicon Valley Bank jitters spreadEuropean banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%.
Weiterlesen »
Silicon Valley Bank collapse marks worst bank failure since Great RecessionSilicon Valley Bank, the 16th largest bank in the U.S., collapsed on Friday, marking the worst bank failure since the fall of Washington Mutual during the Great Recession in 2008.
Weiterlesen »
Silicon Valley Bank Rocked, Bank Shares PlummetA financial free fall is happening right now in the Bay Area. One of the most trusted local banks is in trouble and now there’s growing concern that some companies are withdrawing their funds, which could spell doom.
Weiterlesen »