Business Maverick: Here’s How SVB’s Collapse Is Reverberating Around the World

the most ever on an intraday-basis as it sought to reassure investors that it has sufficient liquidity to handle any volatility following the collapse of SVB.: The Menlo Park-based venture capital firm sent an email to founders saying that it would step in and cover payroll for some of its portfolio companies if they had shortfalls because of funds tied up with SVB..

1 billion on bets it made in banks caught up in the collapse of SVB. The investor held a crisis meeting early on Monday to discuss why it had invested $2 billion in Signature Bank, First Republic Bank and SVB. Sweden’s financial watchdog summoned Alecta and other financial firms to discuss the crisis, but the Financial Supervisory Authority said the Nordic nation’s financial system has “significant resilience” and can navigate the current turbulence.

The US is giving us all sorts of kak.. Interest rate hikes and this now

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Global bank stocks under pressure on Silicon Valley Bank falloutEurope’s bank shares suffered their biggest fall in over a year as global efforts to limit the fallout from the collapse of SVB failed to ease fears.
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UK races to minimise damage from Silicon Valley Bank collapse | BusinessBritish finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to 'avoid or minimise damage' resulting from the chaos engulfing the UK arm of Silicon Valley Bank.
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