SVB Financial Group

Recession would possibly come faster as financial institution lending cools

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Buyers paintings at the flooring of the New York Inventory Alternate (NYSE) in New York Town, March 13, 2023. Brendan McDiarmid | Reuters Falling bond yields, sharp declines in oil and inventory costs, and a pointy bounce in volatility all recommend that buyers concern a recession is now at the close to horizon. Shares fell … Read more

The dealer says Silicon Valley’s “greed and greed” is at the back of the fallout

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Andrei Rudakov | bloomberg | Getty Photographs The fallout from the Silicon Valley financial institution shutdown — the second-largest financial institution meltdown in US historical past — persevered on Monday, sending global financial institution shares decrease. Ecu banking shares had been down 5.5% at 10am London time Monday, after final down 4% on Friday, as … Read more