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Published 1 year ago

Silicon Valley Bank deal soothes broader markets, but default stress haunts banks

Summary by Channel News Asia
A buyer for large chunks of Silicon Valley Bank's (SVB) deposits and loans helped cast an uneasy calm on Monday (Mar 27) over fragile markets which have been roiled by worries of a credit crunch and systemic bank stress.

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  • 43% of the sources are Center, 43% of the sources lean Right
43% Center

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