SINGAPORE :Battered Japanese bank stocks clawed back some of their heavy losses on Wednesday, as regulators and financial executives hosed down investor concerns about contagion after the collapse of Silicon Valley Bank .
Some calm had returned to Wall Street on Tuesday, which shored up Asian markets on Wednesday, as volatility fell and bargain hunters began circling the assets of the fallen SVB. However, Japanese finance minister Shunichi Suzuki said on Wednesday differences in the structure of bank deposits, meant local banks wouldn't face incidents similar to SVB's collapse.
Apollo Global Management Inc, Blackstone Inc and Carlyle Group were among those to have reportedly expressed interest in a book of loans held by SVB. BlackRock Inc Chief Executive Laurence Fink warned on Wednesday the U.S. regional banking sector remains at risk, though he said that it was not clear whether the banking crisis precipitated by rising interest rates would claim more victims.
until everyone starts looking the other way.........again