Get all your news in one place.
100’s of premium titles.
One app.
Start reading
France 24
France 24
Comment
Antonia KERRIGAN

Is it contagious? US regulators scramble after Silicon Valley Bank failure

Is it contagious? US regulators scramble after Silicon Valley Bank failure © FRANCE 24

Are banks going bad again? Markets are scrambling to contain the shockwaves from the collapse of Silicon Valley Bank, a California lending institution favoured by tech startups. Its seemingly safe bet on government bonds proved a bust, triggering an old-fashioned run on the bank. Is it contagious? The bank's failure marks the first major default since rising interest rates signalled the end of decades of cheap money. The 2008 financial crisis triggered a return of regulation, forcing big banks to keep more reserves in the vault. But was it enough?

Produced by Alessandro Xenos, Imen Mellaz and Antonia Kerrigan

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.