The panic that was sparked by the collapse of two US banks and the hurried takeover of Swiss giant Credit Suisse may be difficult to contain, as evidenced by the sharp declines in banking shares in Europe. On Friday, Deutsche Bank stock dropped by 14% at one point, and other lenders also suffered significant losses….
Key points: Under a covered loan facility and a short-term liquidity facility, Credit Suisse will borrow up to 53.68 billion Swiss francs from the Swiss National Bank. After the lender’s top investor, Saudi National Bank, stated that it would not be able to provide any additional assistance, the measures come after the lender’s shares experienced…
Silicon Valley Bank (SVB) is a commercial bank that provides financial services to technology, life science, and venture capital industries. The bank was founded in 1983 and is headquartered in Santa Clara, California. Silicon Valley Bank offers a range of services, including corporate , investment , private, and asset management. The bank provides loans, lines…
