Bank stocks fell across the US, Europe, and Singapore this week after the 10-year US Treasury yield topped 5.35%, its highest since 2002. Higher yields cut the value of bonds banks already own. That same squeeze helped bring down Silicon Valley Bank (SVB) in 2023. US lenders still carried $326.7...
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.
Bank shares fall behind in the United States, Europe and Singapore as government bond yields increase. Potential bond losses rekindle the fears of a new Silicon Valley Bank case, but institutions' capital and liquidity offer greater guarantees than in 2023.