Here’s How SVB’s Collapse Is Reverberating Around the World
An investment trader looks over trading screens.
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Silicon Valley Bank became the biggest US lender to fail in more than a decade, creating fears of contagion in tech and finance sectors in the US and around the world.
US regulators took extraordinary measures to shore up confidence in the financial system, part of a frantic weekend that saw the surprise closure of New York’s Signature Bank along with mounting concerns about spillover effects to other regional lenders and the wider economy.