HomeNewsWorldUS Justice Department to probe collapse of SVB: Report
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US Justice Department to probe collapse of SVB: Report

SVB's collapse triggered wider concern in the financial markets, with two more banks collapsing amid a squeeze on regional lenders.

AFP
March 14, 2023 / 23:42 IST
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The bank's decision to invest its high-tech customers' deposits in long-dated, low-yield bonds left it over-exposed to interest-rate risk when the Federal Reserve began hiking its benchmark last year.
The bank's decision to invest its high-tech customers' deposits in long-dated, low-yield bonds left it over-exposed to interest-rate risk when the Federal Reserve began hiking its benchmark last year.
AFP
first published: Mar 14, 2023 11:42 pm

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