Storm warning for banks worldwide.
A wave of bank withdrawals caused the failure of three American banks on March 9 and 10, including Silicon Valley Bank (SVB), raising fears of a "bank run", which could be translated as "bank panic
"
.
The nightmare of banking institutions.
In the wake of First Republic, the 14th American bank by asset size and on the hot seat for several days, was saved by 11 major American banks.
These have committed to pay a total of 30 billion dollars in deposits.
This article is for subscribers only.
You have 89% left to discover.
Want to read more?
Unlock all items immediately.
Without engagement.
TEST FOR €0.99
Already subscribed?
Login