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As soon as some venture capital firms expressed concern about SVB's financial "health", a series of technology companies massively withdrew money from the bank and caused liquidity to drop rapidly. Finally, SVB - the 16th largest bank in the US on March 10 declared bankruptcy. This is the second largest commercial bank failure in US history after the collapse of Washington Mutual Bank (WaMu) in 2008 during the global financial crisis. SVB's investors and customers are now waiting to see if the bank can quickly find a buyer. During the 2008 financial crisis, Washington Mutual Bank found an immediate buyer, but IndyMac Bank, which went bankrupt in 2009, took about eight months to reach a buyout agreement. The speed of SVB's collapse has stunned the financial markets. SVB's shares began to decline on March 9, and then the impact gradually spread to other US and European banks. According to Reuters calculations, more than $ 100 billion of the market value of US banks was "wiped out" in two days 9-10/3. crypto slots no deposit bonus 2021, The organizers of the event decided to implement the event in the form of a closed-door meeting after Credit Suisse over the weekend engaged in intense discussions with the Swiss Ministry of Finance to decide on the bank's fate. this item.
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Mr. Kirill Logvinov, Russia's acting permanent ambassador to the EU, said that European restrictions have severely affected bilateral trade but trade flows have not been completely exhausted. However, once the sanctions take effect, trade between the two sides will decrease. bitcoin gambling mines slots, The statement of the British Government also affirmed that the country's banking system is safe and capital markets.
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