• Mar 14 2023

    SVB fallout: PH bank shares tumble

    ByFintech Alliance.Ph InNews 0

    By: Inquirer
    Source: business.inquirer

    MANILA  – Philippine banking stocks came under pressure on Monday after negative sentiments from the closure of US-based Silicon Valley Bank (SVB) spilled over into the local market on Monday.

    This was despite the country’s biggest lenders having no exposure to SVB, whose collapse over a period of 48 hours was touted as the second-biggest…