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France Isn’t Concerned by Contagion Risk From SVB Collapse

France says there is no concern that its banks will be affected by the collapse of Silicon Valley Bank. The UK's Prime Minister insists there is no contagion risk to UK banks.

1 min read
  • France says Societe Generale SA and BNP Paribas SA will not be affected by the collapse of Silicon Valley Bank.
  • The Finance Ministry has no knowledge of any direct exposure of the nation’s lenders to the California-based bank.
  • UK Prime Minister Rishi Sunak insists there is no contagion risk to UK banks.
France Isn’t Concerned by Contagion Risk From SVB Collapse
France says there is no concern that its banks including Societe Generale SA and BNP Paribas SA will be affected by the collapse of Silicon Valley Bank.
BloombergWilliam Horobin

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