The era of cheap money has come to an end and its impact has been felt in global markets, which have yet to see the end of the steepest interest rate hike cycle in decades. The risks became apparent this week as US technology lender Silicon Valley Bank scrambled to seek fresh capital, sending bank […]
Tag: Silicon Valley Bank
US authorities take control of Silicon Valley Bank
The United States authorities closed on Friday the Silicon Valley Bank to protect the deposits of their clients and will reopen the institution on Monday under federal control, official sources reported, amid fears of contagion of the problems of that financial entity to the rest of the banking sector. The bank, which works with the […]