SVB crisis: How the ripples of the bank's plunge reached foreign shores

Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out

The collapse of the Silicon Valley Bank (SVB) last week has sent shockwaves across the globe. The Federal Reserve has acted swiftly, but the fears of contagion have remained high in the banking sector. The impact is clearly visible in the stock markets. 

USA

The fallout of the SVB was followed by the failure of Signature Bank on Sunday.

Following it on Monday, major US banks lost nearly $90 billion in stock market value, bringing their loss over the past three trading sessions to nearly $190 billion. Regional US banks were hit the hardest. Shares of First Republic Bank tumbled