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In this article .BBKA Follow your favorite stocks CREATE FREE ACCOUNT A slogan is written on the sidewalk in front of the global headquarters of Swiss bank Credit Suisse the day after its shares dropped approximately 30% on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images The collapse of U.S.-based Silicon Valley Bank, the biggest bank failure since the global financial crisis, and the emergency rescue of Credit Suisse by Swiss rival UBS , sparked a sell-off in banking stocks as contagion fears spread. Deutsche Bank was the next target, with shares plunging and the cost of insuring against its default spiking at the end of last week — despite the German lender's strong capital and liquidity positions. related investing news 'Sell into rallies': Morgan Stanley names the stocks to navigate current European banking jitters Ganesh Rao a day ago The market panic appeared to subside Monday after First Citizens agreed to buy a large chunk...

In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background.  Igor Golovniov | Lightrocket | Getty Images Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused bank. Silicon Valley Bank shares plunged 60% Thursday after disclosing that it needed to shore up its capital with a $2.25 billion equity raise from investors including General Atlantic. The company's stock was down another 60% in premarket trading Friday. SVB is a major bank in the technology startup space, having developed relationships with the VC community over its four decade existence. Providing traditional banking services while also funding tech projects, it is considered a backbone of the venture capital industry in the U.S. Numerous VC funds, including major playe...

China's real estate market has slumped in the last two years after Beijing cracked down on developers' high reliance on debt for growth. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. The property market contributes to about a quarter of China's GDP and has been a drag on growth, especially since Beijing cracked down on developers' high reliance on debt in 2020. Chinese authorities started to ease restrictions on financing for the sector over the last several months. "Authorities' recent policy measures are welcome, but in our view additional action will be needed in order to end the real estate crisis ," Thomas Helbling, deputy director in the IMF's Asia Pacific Department, said in a briefing. "If you look at the measures, a lot of them address financing issues for the developers that are still in relatively good fin...