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SVB bank failure:

AUB03

Bunker Legend
Gold Member
Jan 20, 2003
96,788
44,820
113

Fears Silicon Valley Bank collapse could topple First Republic Bank next, as shares slump 40% in a month and investors voice concerns over losses on its investments​

  • Silicon Valley Bank was taken over by the government on Friday morning - the largest bank failure since Washington Mutual's fall in 2008
  • The bank's demise is a combination of a difficult economic environment and rising interest rates: it remains to be seen whether a savior can be found
  • Now investors are concerned about First Republic Bank, whose share price plummeted 50 percent on Friday
 
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