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Silicon Valley Bank collapse might just hurt SA markets

The collapse of the Silicon Valley Bank recently might just cause a sneeze in South Africa as emerging markets suffered less, losing just 1.5% compared to the 10% of advanced economies’ bank equity prices. However, the collapse of the Silicon Valley Bank represents a major threat to the US’ financial system. US bank Silvergate Capital was liquidated two weeks ago and was followed by the collapse of Silicon Valley Bank (SVB), raising questions about broader financial market contagion. But economic research group, Oxford Economics Africa, says it believes that the measures put in place by the regulators, including the introduction...

from The Citizen https://www.citizen.co.za/business/silicone-valley-bank-collapse-might-cause-local-sneeze/

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