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bankruptcy US banks Bank of Silicon Valley And SignatureBankthey crashed the stock market Europe and mainEuropean indices, with drops that in some cases exceed 10%. While analysts doubt
bankruptcy US banks Bank of Silicon Valley And SignatureBankthey crashed the stock market Europe and mainEuropean indices, with drops that in some cases exceed 10%. While analysts doubt this will happen, investors are wary of fear what happened in USA can lead to infection throughout the banking sector.
“In terms of the impact on Europe, we understand that risks more infections limited while we’re talking about more diversified organizations (not concentrated in one sector such as technology),” Renta4 Investment Manager said in a report today.
Likewise, the manager emphasized that at present “the banks are much better capitalized than in the Bolshoi Financial crisis from 2008“. However, “it cannot be ruled out that what happened leads to such problems as the influence money stress in asset valuation,” Renta4 said.
However, the financial sector is in sliced after the opening of markets today, with a focus on the European region. Shortly before 14:00 (CET) decrease most infamous was for a French bank Credit Agricole14.34% while the least hit was HSBC, from 4.7%. Below are descents on the European stock market, according to EFE.
According to news cable, the main European stock indices the largest falls until this year at the same hour. Milan fell by 4.09%, Madrid 3.29% frankfurt 3.18% Paris 3.03% and London 2.49%.
The collapse of the Silicon Valley bank (BLS) was blown out lack of liquiditywhich forced him to sell part of his portfolio debt bonds with losses. On March 10, it was announced that it was closing after an unsuccessful capital increase for which no funds were found.
Similarly, over the weekend it was announced closure from Signature bankto avoid stock market panic propagated to other objects in the system.
EFE
Source: Aristegui Noticias
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