Main content

Global share markets unconvinced by support to rescue banks

Two banks in the US have collapsed in the last week - Silicon Valley Bank (SVB) and Signature Bank - the biggest bank failures since 2008.

Half a trillion dollars have been wiped from the value of bank shares around the world as financial shocks dived this week.

The fallout is ongoing after the collapse of Silicon Valley Bank (SVB) spreads through global markets.

The authorities are stepping in to get the situation under control, but some deposit holders are still feeling nervous.

For now, many analysts say they think the shock will be contained.

(Picture: Treasury Secretary Janet Yellen Testifies To Senate Committee On President Biden's FY2024 Budget. Picture Credit: Getty Images)

Available now

27 minutes

Last on

Fri 17 Mar 2023 22:32GMT

Broadcast

  • Fri 17 Mar 2023 22:32GMT