Author: Anne Bornay | EFE
Banks, which fall between 7% and 10%, tend to the Ibex, which falls 4%
Bench fell between 7% and 10% after the first beats of the negotiations this Monday and dragged 4% on Ibex 35 after the United States government intervened on Friday in Silicon Valley Bank (SVB) following a significant flight of deposits.
According to Europa Press, this Monday HSBC Holdings announced that its UK subsidiary, HSBC UK Bank, will acquire Silicon Valley Bank UK Limited (SVB UK) for one pound sterling (€1.13).
So Banco Sabadell fell 9.75%; Santander, 7.85%; Bankinter, 7.16%; CaixaBank, 7.14%; BBVA, 7.06%; and Unicaja Banco, 6.91% at 10:35 am.
Sales volumes were so high that values entered a volatility auction, which paralyzed the price for several minutes, as BME sources explained to Europa Press.
Faced with this pressure, the Ibex 35 lost about 3.71%, which brought it down to 8,943.1 whole numbers and with all its values in the negative.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
