After the bankruptcy of the Silicon Valley Bank, Commerzbank shares temporarily collapsed by 16 percent on Monday.
(Photo: Reuters)
Frankfurt The level of nervousness in Germany after the collapse of the Silicon Valley Bank (SVB) can be seen in the share prices of the major domestic banks. The Commerzbank papers collapsed by 16 percent at times on Monday. Deutsche Bank shares, which had already fallen by a good seven percent on Friday, lost more than four percent again.
Despite these declines, experts, financial supervisors and the financial institutions themselves do not assume that the collapse of the Silicon Valley Bank will lead to major upheavals in the German banking market. There are big differences between the California money house and the German institutes.
The most important questions and answers:
Does the bankruptcy of the SVB trigger a banking crisis that will also affect the German financial institutions?
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