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Business Matters: Global share markets unconvinced by support to rescue banks

Global share markets unconvinced by support to rescue banks

18/03/2023 GMT

BBC World Service - Business Matters, Global share markets unconvinced by support to rescue banks

The collapse of Silicon Valley Bank continues to have an impact around the world.

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: Silicon Valley Bank Collapse. Picture Credit: Getty Images)

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