Author: Anne Bornay | EFE
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.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…