US bank crisis unlikely to have global effects


Wong Chin Yoong

US authorities have seized California’s Silicon Valley Bank following a bank run that led to its collapse. – AFP pic, March 16, 2023.

NO financial news can be more unnerving than the seizure of California’s Silicon Valley Bank (SVB) followed by the closure of New York’s Signature Bank two days later.

US regulators’ prompt action in seizing SVB and ensuring that all insured and uninsured deposits are fully redeemable has largely calmed the financial market.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!



Sign up or sign in here to comment.


Comments