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Global venture capital investment dropped for the sixth consecutive quarter in Q2’2023 – falling from $86.2 billion across 10,121 deals in Q1’23 to $77.4 billion across 7,783 deals in Q2’23.
IMF's Chief Economist said that "the story is not over" and that EU banks were not immune to problems as long as the bloc did not go further to complete long-discussed mechanisms to deal with failed banks.
Just over a month ago, the global banking system was shocked by the failure of Silicon Valley Bank (SVB) and the ensuing wave of panic, which was disastrous for Signature Bank, a New York City lender. The turbulence soon spread to Europe, where Credit Suisse came to the brink of collapse and was eventually forced to merge with large Swiss bank UBS.