Analysis - Investors Seek Value in Clobbered U.S. Regional Bank Shares

As U.S. banking contagion worries ebb, some investors are hunting for shares of fundamentally strong regional lenders that were swept up in this month’s epic sell-off. Investors sent a record net $236.2 million into the iShares Regional Bank ETF over the last two weeks, after Silicon Valley Bank’s collapse earlier this month fueled concern about […]

First Citizens Shares Hit Record High in Wake of SVB Purchase

Shares of First Citizens BancShares Inc climbed to a record high on Tuesday, extending gains for a second day after scooping up the assets of failed peer Silicon Valley Bank. First Citizens BancShares rebounds to record high, First Citizens rallied as much as 7.2%, briefly hitting an all-time peak of $959.99 before paring gains. […]

S&P 500 Ends up Slightly; Svb Deal Lifts Bank Shares

The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in technology-related stocks limited the day’s gains. The S&P 500 banks index rose 3.1%, while the KBW regional banking index ended up 0.6%. JPMorgan Chase & Co shares climbed 2.9% and […]

SVB Deal Steadies Banks Amid Credit Crunch Concerns

The sale of failed Silicon Valley Bank (SVB) to a regional U.S. peer helped stabilise shares in European lenders on Monday, after the sector was hammered last week by worries about systemic bank stress and a looming credit crunch. The sudden collapse of tech-focused SVB earlier this month triggered the worst banking shock since the […]

SVB Deal Helps to Steady Banks Amid Credit Crunch Concerns

A buyer for Silicon Valley Bank’s deposits and loans helped shares in European lenders mount a partial recovery on Monday, after the sector was hammered last week by worries of systemic bank stress and a credit crunch. There are also hopes for extra support for bank funding, after Bloomberg News reported U.S. authorities were in […]

Shares Fall as Market Stress Stokes Volatility

Global shares fell for a sixth day on Tuesday as a brewing U.S. banking crisis prompted investors to downgrade their expectations for interest rate hikes, even ahead of key inflation data later in the day. As recently as a week ago, investors were just recovering from a reality-check that prompted many to assume that rates […]

Analysis - SVB Collapse Unleashes Treasury Volatility, Whiplashing Investors

Extreme volatility is rattling U.S. Treasury markets in the wake of Silicon Valley Bank’s collapse and investors fear a prolonged bout of gyrations before calm returns to bond markets. One measure of expected volatility in U.S. Treasuries – the ICE BoFA MOVE Index – has surged past its COVID-era high and now stands around levels […]

India Tech Minister Says to Meet Startups on SVB Fallout

India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse, as concerns rise about the fallout for the Indian start-up sector. California banking regulators shut down Silicon Valley Bankon Friday after the a run on the lender, which had $209 […]

UK Finance Minister and Bank of England Work to Contain SVB Fallout

Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has been seized by U.S. regulators, the ministry said on Saturday. Talks were scheduled for Saturday to discuss the issues faced by British tech companies affected […]