Silicon Valley Bank (SVB) collapsed last Friday, plunging US bank share prices.
However, investors appear to have slowed down the sell-off frenzy on Tuesday.
The share prices of banks in the
United States rebounded on Tuesday, improving after plummeting earlier on
Monday. The stocks had plunged a day ago over fear of the possible contagion
effects of the collapse of Silicon Valley Bank (SVB) and two other American lenders
in the country’s banking industry.
Finance Magnates reports that
SVB’s collapse cast a shadow on bank stock prices in the country on Monday, with the regional lender, First Republic Bank leading the pack as its shares slumped by over 60% to $28 a
share at one point during the market. Other banks and financial services companies saw
their stock prices plummet:
Western Alliance Bancorp 64% to $18, KeyCorp 37% to 11%, and PacWest
Bankcorp 30% to $7.
In addition, other bank stocks
declined significantly: Zions Bancorporation 25% to $30, Charles Schwab 11% to $52
and Bank of America 3% to $29, among others.
US Bank Stocks Shake Off SVB Fears
However, the market changed on
Tuesday, as the sell-off frenzy slowed down with investors returning to the
markets, suggesting that they are beginning to shake off the fear from the effects of SVB. At the time of filing this
report, the shares of First Republic Bank and Western Alliance Bancorp, which
saw some of the biggest declines yesterday, improved 28% to $40 a share and
14% to $30, respectively.
Source: MSN Money
The shares of other banks also
shot up: PacWest Bancorp 34% to $35, KeyCorp 7% to $12, Zions
Bancorporation 4% to $31, Charles Schwab 9% to $57 and Bank of
America 0.88% to $29 a share, among others.
Source: MSN Money
SVB collapsed last Friday, precipitated by the inability to halt a
bank run and its failed attempt to salvage the situation with extra funding. On Sunday,
the bank, which targeted early-stage technologies companies, went into receivership of the Federal Deposit Insurance
Corporation.
In their bid to forestall a
contagion, New York regulators on Sunday shut down Signature Bank in order to “protect dispositors.” Speaking to
Finance Magnates on Monday, Lars Holst, the Founder and CEO of digital broker
GCEX, expressed surprise at Signature Bank’s
fallout. Furthermore, the CEO expects the
successors of the failed banks to emerge from the United Arab Emirates.
The share prices of banks in the
United States rebounded on Tuesday, improving after plummeting earlier on
Monday. The stocks had plunged a day ago over fear of the possible contagion
effects of the collapse of Silicon Valley Bank (SVB) and two other American lenders
in the country’s banking industry.
Finance Magnates reports that
SVB’s collapse cast a shadow on bank stock prices in the country on Monday, with the regional lender, First Republic Bank leading the pack as its shares slumped by over 60% to $28 a
share at one point during the market. Other banks and financial services companies saw
their stock prices plummet:
Western Alliance Bancorp 64% to $18, KeyCorp 37% to 11%, and PacWest
Bankcorp 30% to $7.
In addition, other bank stocks
declined significantly: Zions Bancorporation 25% to $30, Charles Schwab 11% to $52
and Bank of America 3% to $29, among others.
US Bank Stocks Shake Off SVB Fears
However, the market changed on
Tuesday, as the sell-off frenzy slowed down with investors returning to the
markets, suggesting that they are beginning to shake off the fear from the effects of SVB. At the time of filing this
report, the shares of First Republic Bank and Western Alliance Bancorp, which
saw some of the biggest declines yesterday, improved 28% to $40 a share and
14% to $30, respectively.
Source: MSN Money
The shares of other banks also
shot up: PacWest Bancorp 34% to $35, KeyCorp 7% to $12, Zions
Bancorporation 4% to $31, Charles Schwab 9% to $57 and Bank of
America 0.88% to $29 a share, among others.
Source: MSN Money
SVB collapsed last Friday, precipitated by the inability to halt a
bank run and its failed attempt to salvage the situation with extra funding. On Sunday,
the bank, which targeted early-stage technologies companies, went into receivership of the Federal Deposit Insurance
Corporation.
In their bid to forestall a
contagion, New York regulators on Sunday shut down Signature Bank in order to “protect dispositors.” Speaking to
Finance Magnates on Monday, Lars Holst, the Founder and CEO of digital broker
GCEX, expressed surprise at Signature Bank’s
fallout. Furthermore, the CEO expects the
successors of the failed banks to emerge from the United Arab Emirates.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
