The Latest Breaking News from SVB

City Voices: Ignore the “diversity distraction” talk

London (AFP) - Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.

Banks have borrowed a total of $164.9 billion from the Federal Reserve in recent days in the wake of the Silicon Valley Bank collapse.

“Founders are pretty confused at [the] moment” one venture investor said.

However racist you thought the "woke banks" talking point was, somehow it's even worse

Student debts and underwater mortgages are private burdens, but corporate losses are matters of urgent public interest

In late January, First Republic Bank's CEO wrote to U.S. regulators saying his bank did not pose signficant risk to the U.S.'s financial stability.

Hong Kong (AFP) - Asian and European markets rose Friday, extending a global rally, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector.

Last week, after hawkish testimony from Federal Reserve Chair Jerome Powell, markets penciled in a half-point increase in interest rates following the central bank’s next policy meeting. On Friday, the run on Silicon Valley Bank and subsequent fears of a wider crisis changed many investors’ minds. Some bet that the…

European and US banking shares fall, with Credit Suisse down 12% as sentiment remains fragile

In today’s newsletter: We’re far from financial crisis territory, but share crashes have caused some fright in the markets. This is why