US stock exchanges start stable – bank shares lose significantly in value

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 Silicon Valley Bank (SVB) in California were 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 Monday when Wall Street opened.

The major indices are initially stable in early trading. The Dow Jones index of blue chips and the broader S&P 500 are little changed at 31,935 and 3860 points. The index of the tech stock exchange Nasdaq is hardly changed at 11,156 points.