Today news
About the same in other media
Banks including JPMorgan, Charles Schwab, see $52bn rout on SVB’s deposit losses
Reading now: 231
Investors dumped shares of SVB Financial Group and a swath of US banks after the tech-focused lender said it lost nearly $2bn selling assets following a larger-than-expected decline in deposits.
The four biggest US banks lost $52bn in market value on 9 March. The KBW Nasdaq Bank Index notched its biggest decline since the pandemic roiled the markets nearly three years ago. Shares of SVB, the parent of Silicon Valley Bank, fell more than 60% after it disclosed the loss and sought to raise $2.25bn in fresh capital by selling...
Read more on fnlondon.comAbout this in other media
CryptoUK calls on regulators to address de-banking of digital asset firms cointelegraph.com /1 year ago
Crypto should not be blamed for banking crisis: Charles Hoskinson ambcrypto.com /1 year ago
Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis cointelegraph.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Arbitrum [ARB]: Dismay, hope, and the scarcity of interaction](https://fvbb.com/storage/thumbs_400/img/2023/4/5/62344_8yfr.jpg)
