svb

Svb: SVB deal supports bank stocks amid credit crunch concerns – Times of India

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[ad_1] The sale of failed Silicon Valley Bank (SVB) to a regional US peer and reports of a possible expansion of funding lifelines lifted banking stocks on Monday, easing worries about systemic stress and a looming credit crunch.The sudden collapse of tech-focused SVB earlier this month has triggered the worst banking shock since the 2008 … Read more

Fed: Fed’s Kashkari: Banking stress brings US closer to recession – Times of India

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[ad_1] WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation.“It definitely brings us closer,” Kashkari said. “What’s unclear for us is how much of these banking stresses are … Read more