Fifteen years after the bankruptcy of Lehman Brothers, the bankruptcy of Silicon Valley Bank (SVB), the sixteenth largest bank in the United States and preferred financier of half of American start-ups, is shaking the financial markets and reviving the specter of the 2008 crash. If SVB is a bank of limited size, with 212 billion dollars in assets, the shock is global.
The bankruptcy of SVB on March 10, after the most violent "bank run" in history which saw its customers attempt to withdraw 42 billion in deposits in one day, destabilized American regional banks, causing the failure of Silvergate and Signature, specializing in cryptocurrencies, then the diving of First Republic.
Simultaneously, the shock spread to Europe, leading to the fall of Credit Suisse, dropped by its main shareholder, Saudi National Bank, then contaminating all banks and insurance companies on the continent.
Read alsoThe incredible bankruptcy of John Law's bank: the story of a French trauma
Drawing lessons from 2008, authorities and central banks acted very quickly…
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