The Volkswagen subsidiary announced a 15 percent increase in sales.
(Photo: Reuters)
Frankfurt At the end of the week, investors were shocked by the news of problems at Silicon Valley Bank from the USA. The announcement of an emergency capital increase to strengthen the balance sheet caused the shares of the US bank Silicon Valley Bank, which promotes tech companies and start-ups, to collapse massively and carried away bank shares in particular internationally.
On Friday evening, the US regulators then announced that they would close the bank. The sharp rise in interest rates by the US Federal Reserve and the high level of inflation have gotten young companies into troubled waters. Investors have become aware of dangers such as loan defaults that can accompany the recent rise in interest rates.
The leading index Dax therefore focused on the country’s major banks on Friday: The share of the largest German financial institution Deutsche Bank broke nine percent at the top and went into the weekend with a minus of 7.3. Commerzbank shares fell by up to seven percent over the course of the day, ending with minus 2.6 percent.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further