US bank stocks plummet.
(Photo: IMAGO/Xinhua)
Frankfurt The fear of a banking crisis continues to keep the global capital markets in its grip. The protection measures introduced by the US government on Sunday for customers of the collapsed California Silicon Valley Bank (SVB) are not enough to reassure investors.
The biggest collapse of a bank since the 2008 financial crisis caused massive price losses at other smaller financial institutions on Wall Street on Monday.
The major indices, on the other hand, were stable. The Dow Jones index of standard values and the broader S&P 500 were even slightly up at 32,000 and 3870 points in the course of trading. The index of the tech exchange Nasdaq was one percent higher at 11,245 points.
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