By Davide Barbuscia and Shankar Ramakrishnan NEW YORK (Reuters) -Credit risk indicators flashed red on Monday, as investors worried about contagion risks across corporate debt markets after the collap[...]
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March 13, 2023
First Republic shares dive on contagion fear, dragging U.S. regional banks
By Medha Singh and Tatiana Bautzer (Reuters) -Shares of U.S. regional banks slumped on Monday, led by sharp losses in First Republic Bank as news of fresh financing failed to assuage fears of possible[...]
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Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud
(Reuters) -SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which faile[...]
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Oil prices fall 2% in choppy trade as banking fears rattle markets
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis[...]
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SVB shock could have chilling effect on British biotech sector
By Natalie Grover and Maggie Fick LONDON (Reuters) -HSBC’s rescue of the British arm of Silicon Valley Bank saved the heavily-exposed UK biotech sector from collapse, but the fallout could hampe[...]
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Fed: Details on which banks use new facility released a year after it ends
WASHINGTON (Reuters) – Details of which banks tap a new U.S. Federal Reserve liquidity facility will be released only a year after the program ends, tentatively set for March 11, 2024, the Fed s[...]
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Morgan Stanley, BlackRock funds among those exposed to regional bank failures
By David Randall NEW YORK (Reuters) – Mutual funds managed by Morgan Stanley, Fidelity, and BlackRock appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Ban[...]
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U.S. Federal Home Loan Banks continue to see ‘heightened demand’
(Reuters) – U.S. Federal Home Loan Banks are still seeing higher-than-usual demand for funds from banks and others as the fallout from the collapses of Silicon Valley Bank and Signature Bank rev[...]
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Bank shares plunge on contagion fears; precious metals rally
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) – Global bank shares and short-dated U.S. Treasury yields plunged on Monday as concerns over fallout from the collapse of Silicon V[...]
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