SVB shockwaves pound global bank stocks gripped by contagion fears
By Trevor Hunnicutt and Tom Westbrook
Source: gazette.com
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WRAPUP 1-Global bank stock rout deepens as SVB collapse fans crisis fears
"Your deposits will be there when you need them," he said. ACCESS TO DEPOSITS SVB's customers will have access to all their deposits from Monday and regulators set up a new facility to give banks access to emergency funds.
Source: devdiscourse.com
WRAPUP 7-SVB shockwaves rattle global banks in grip of contagion fears
An indicator of credit risk in the euro zone banking system leapt to its highest since mid-July, as worries about contagion risks from the collapse of two U.S. banks compounded investor concerns about the impact on lenders of rising interest rates. The VIX volatility index, Wall Street's "fear gauge", neared six-month highs overnight, although futures pointed to a higher Wall Street open and European bank stocks recovered from falls earlier on Tuesday.
Source: devdiscourse.com
Global banking stocks rout deepen as Silicon Valley Bank collapse stokes crisis fears
Assurances from Joe Biden and other US policymakers do little to calm markets
Source: gulfnews.com
Biden vows to do 'whatever needed' for bank system after SVB meltdown
Major US banks lost around $90b in stock market value on Monday.
Source: dealstreetasia.com