SVB's Collapse Hurts Companies With Junk-Rated Bonds, Bad Credit
It's now even more expensive for companies with junk-rated debt to raise money, thanks to SVB's implosion.
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It's now even more expensive for companies with junk-rated debt to raise money, thanks to SVB's implosion.
Alecta said losses resulting from its 1% exposure to Silicon Valley Bank and Signature Bank will have a small impact on its investments.
The collapse of SVB is not an early indicator of a 2008-style economic crisis but a symptom of the end of a period of “free-and-easy money”.
Traders are betting that the reopening rally for Chinese equities has further to run.
‘We see downside to earnings over the next six to 12 months. Therefore we remain pretty cautious on equities from here’: Iain Cunningham, co-head, Multi-Asset Growth.