MoneyWeek

Bank collapse spells higher inflation

There were two surprising things about the failure of Silicon Valley Bank (SVB, see page 16). For an institution that very few people had ever heard of, it was huge, ranking as the 16th largest bank in the US, and even as a significant player in London, where it had close to £6.7bn in deposits. It was also extremely badly run, with appalling risk management, while the technology companies that formed its main customer base kept far

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek2 min read
What Soaring Bond Yields Mean For Stocks
Persistent inflation and expectations that interest rates will stay high are driving a spike in bond yields. The US ten-year Treasury yield, a key benchmark for global markets, has risen from 3.9% at the start of the year to nearly 4.7% now (bond yie
MoneyWeek1 min read
Auctions
Going… John Lennon’s “lost” Framus 12-string “Hootenanny” acoustic guitar is expected to set a new world price record for a Beatles guitar when it appears at Julien’s Auctions’ two-day sale in New York from 29 May. Lennon played the instrument on the
MoneyWeek2 min read
Patience With Moonshots Wears Thin
Wall Street’s patience for the costly artificial intelligence (AI) arms race is waning, says Dealbook in The New York Times. Facebook-owner Meta recently reported its “best ever first-quarter earnings”, but that wasn’t enough to prevent a crushing se

Related Books & Audiobooks