- SVB Financial Group's scramble for fresh capital sparked a global rout in bank stocks and a rethink of rising interest rates.
- $1.8 billion in bonds sold to meet depositor demands for cash, resulting in a loss.
- Central banks have slammed into reverse after more than a decade of easy policy and the flooding of markets with trillions in cash.
- Bets on further rate hikes have ratcheted up with Federal Reserve Chair Jerome Powell reaffirming his message of higher, potentially faster rate hikes.
- U.S. banks have unrealised losses of more than $620 billion on securities.
Analysis: Californian tech bank SVB sows global fear about rising cost of money
For months, investors had shrugged off the threat of rising interest rates. That changed this week.
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