The United States government launched emergency measures at the weekend to shore up confidence in the banking system after the failure of Silicon Valley Bank (SVB), the largest bank collapse since the 2008 financial crisis.European bank stocks fell on Wednesday with Credit Suisse diving as much as 30 percent on renewed investor concerns about stresses within the sector.The US government implemented the measures under heavy pressure from California’s tech industry to act. SVB’s collapse fuelled several long and dramatic days in Washington and beyond.
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