Bank shares and stock markets have rebounded after United States authorities announced that a regional lender took over most of Silicon Valley Bank (SVB), whose collapse this month was the second-largest banking failure in US history.The market rally on Monday followed weeks of concern over a potential economic collapse after SVB failed on March 10 after it experienced a bank run – a rush by depositors to withdraw their funds all at once.The pan-European STOXX 600 Index rose 1.1 percent, with investors drawing comfort from the SVB acquisition news. European banks also rose 1.4 percent after shedding 3.8 percent on Friday, when Deutsche Bank sparked a rout in the sector.
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