Asian shares up as bank crisis fears ease khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.
Most Asian markets traded higher on Tuesday after global shares rebounded, with fears of a banking crisis easing thanks to the sale of fallen lender Silicon Valley Bank. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had "helped set a positive tone" in global markets.
The Associated Press NEW YORK The Federal Deposit Insurance Corp. has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday. The collapse of Silicon […]