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Fallout from the collapse continued to roil banking shares in Europe today.

Britain to bolster financial system after SVB collapse

The collapse of Silicon Valley Bank has shown the need to build a larger and more diverse financial system by bolstering the stock market and unlocking cash in pension schemes, Britain's finance minister Jeremy Hunt said today.

Business • 15 Mar 23

Trading in Credit Suisse shares was halted a number of times by the stock exchange operator today

European banks battered as Credit Suisse slumps 30%

European shares had their worst day in over a year as a selloff in bank stocks resumed on renewed investor concerns about stresses within the sector, with Credit Suisse plunging to a fresh record low.

Business • 15 Mar 23

Saudi National Bank holds a 9.88% stake in Credit Suisse

Swiss regulators rush to calm fears over Credit Suisse

Swiss regulators said Credit Suisse can access funds from the central bank if needed, racing to calm fears around the lender after it led a rout in European bank shares today.

Business • 15 Mar 23

Apollo Global Management, Blackstone and Carlyle Group are among those to have reportedly expressed interest in a book of loans held by SVB

Cautious calm returns to bank stocks after SVB collapse

Battered Japanese bank stocks clawed back some of their heavy losses today, as regulators and financial executives hosed down investor concerns about contagion after the collapse of Silicon Valley Bank (SVB).

Business • 15 Mar 23

Investors had begun to doubt the ECB's commitment to another big rate hike this week after the collapse of Silicon Valley Bank sent ripples through financial markets

ECB set to stick to big rate hike despite bank turmoil

European Central Bank policymakers are still leaning towards a half-percentage-point rate hike tomorrow, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters.

Business • 15 Mar 23

The US Justice Department is probing the sudden demise of the bank, which was shuttered on Friday

Irish group meets to assess impact of SVB collapse

The Irish Financial Stability Group (FSG) met yesterday to assess any impacts that the collapse of SVB might have on the Irish financial system.

Business • 14 Mar 23

SVB's loan portfolio is seen as an attractive buy and was not a contributing factor in the bank run that caused its demise

Apollo, Blackstone and KKR eye SVB loan book - report

Apollo Global Management, Blackstone and KKR & Co have expressed interest in a book of loans held by Silicon Valley Bank, Bloomberg News reported today, citing people familiar with the matter.

Business • 14 Mar 23

The collapse of SVB is part of the 'battle between fire and ice' in global efforts to curb inflation, Morgan Stanley co-president Edward Pick said

SVB a casualty in inflation battle, bankers hear

The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the "battle between fire and ice" in global efforts to curb inflation after years of cheap money, Morgan Stanley co-president Edward Pick said today.

Business • 14 Mar 23

People wait for service outside Silicon Valley Bank in Menlo Park, California

Why didn't US bank regulators see SVB's demise coming?

With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators.

Analysis and Comment • 14 Mar 23

Charlie Nunn, the Lloyds Banking Group's chief executive

UK banks not seeing deposit flight after SBK collapse

British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of US lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said today.

Business • 14 Mar 23

The collapse of Silicon Valley Bank has rattled equities markets and sparked fear about a fresh financial crisis

Oil prices fall as SVB collapse hits financial markets

Oil prices fell more than $2 a barrel today to their sessions lows, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fears of a fresh financial crisis.

Business • 14 Mar 23

The bank's annual report had been delayed after a request from the US SEC, which had raised questions about the bank's earlier financial statements

Credit Suisse flags 'material weaknesses' in reporting

Credit Suisse said in its 2022 annual report the bank has identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer outflows.

Business • 14 Mar 23

Assurances from President Joe Biden and other policymakers did little to calm markets yesterday after the collapse of Silicon Valley Bank

European markets rally after big losses on SVB collapse

European shares today posted their biggest single-day gain in nearly three months, helped by a resilient outlook for the region's banking sector in the face of Silicon Valley Bank's (SVB) collapse and growing optimism over a slowdown in the Federal Reserve's rate-hiking cycle.

Business • 14 Mar 23

At the start of a Eurogroup finance ministers meeting in Brussels, French Finance Minister Bruno Le Maire called on markets to "calm down"

'Calm down': EU ministers play down SVB contagion

European finance ministers and the EU's economics commissioner played down the contagion risk of the collapse of US Silicon Valley Bank (SVB) while European bank shares saw their biggest rout since the start of Russia's invasion of Ukraine.

Business • 13 Mar 23

Irish tech firms and the Department of Finance are today assessing the impact of the collapse of SVB.

What does the collapse of SVB mean for Ireland?

Banking collapse, runs on deposits and contagion effect are terms that will bring back unpleasant memories of Ireland's financial crash in 2008.

Business • 13 Mar 23

New York-based Signature Bank was closed by regulators yesterday - the third largest failure in US banking history

Signature Bank next casualty of bank turmoil after SVB

State regulators closed New York-based Signature Bank yesterday, the third largest failure in US banking history, two days after authorities shut down Silicon Valley Bank in a collapse that stranded billions in deposits.

Business • 13 Mar 23

Joe Biden said today that Americans can have confidence that the banking system is safe

Biden says US banking system is safe after SVB collapse

US President Joe Biden declared the US banking system "safe" and vowed stiffer bank regulation, after US regulators were forced to step in with a series of emergency measures after Silicon Valley Bank and Signature Bank collapsed, threatening to trigger a broader crisis.

Business • 13 Mar 23

SVB Capital and SVB Securities are separate divisions of SVB Financial and not part of Silicon Valley Bank

SVB Financial now mulls strategic options

Defunct startup-focused lender SVB Financial Group said today that it was planning to explore strategic alternatives for its businesses, including the holding company, SVB Capital and SVB Securities.

Business • 13 Mar 23

Oil prices fell today along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis

Crude oil prices fall as banking fears rattle markets

Oil prices fell in volatile trading today as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support.

Business • 13 Mar 23

The Bundesbank has called a meeting of its Financial Crisis Team to assess the ramifications for local lenders and financial markets

Bundesbank convenes crisis team to assess SVB fallout

The Bundesbank convened its crisis team today to assess the possible fallout of the collapse of US lender Silicon Valley Bank on the local market, even as no emergency action was foreseen in Europe.

Business • 13 Mar 23

Europe's STOXX bank index is on track for its biggest two day fall since Russia began its invasion of Ukraine in February last year

European stocks log steepest one-day fall this year

European stocks logged their steepest one-day fall this year today on continued drag from banking stocks even as authorities stepped in to limit the fallout from the sudden collapse of Silicon Valley Bank.

Business • 13 Mar 23

Bitcoin rallied today after US authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank

Cryptocurrencies rally after US intervenes on SVB

Bitcoin and other cryptocurrencies rallied today after US authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank and as cryptocurrency firm Circle assured investors its peg was secure.

Business • 13 Mar 23

The failure of Silicon Valley Bank had threatened to trigger a broader financial crisis in the US

US acts to shore up banking system confidence

US authorities launched emergency measures yesterday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader financial crisis.

Business • 13 Mar 23

HSBC has bought the UK subsidiary of Silicon Valley Bank for £1

HSBC says it has acquired Silicon Valley Bank UK

HSBC bought the UK arm of stricken Silicon Valley Bank for a symbolic one pound today, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse since the financial crash.

Business • 13 Mar 23

Silicon Valley Bank was closed by US regulators on Friday

Financial Stability Group to examine SVB fallout

The Minister for Finance has said there were "many Irish customers" of Silicon Valley Bank and as such he has asked the Financial Stability Group to do an assessment of any fallout from the bank's collapse on the Irish economy.

Business • 13 Mar 23