Market stress indicators begin to flash after third U.S. bank folds

Published by
Reuters UK

By Amanda Cooper and Yoruk Bahceli LONDON (Reuters) – Financial market stress indicators reacted sharply on Monday after the failure of three U.S. banks within five days, which prompted a rethink among investors on the outlook for U.S. rates and triggered the biggest rush into bonds since at least 2008. State regulators closed New York-based Signature Bank on Sunday, two days after California authorities shuttered Silicon Valley Bank, a lender that focused predominantly on start-ups. Crypto-focused bank Silvergate said last week it would also have to wind down its operations. SVB is the larges…

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