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From Paris to London, the stock markets closed down on Monday March 13, the epilogue of a day of excitement. The collapse last Thursday of a Californian bank raises concern and many questions.
Several dozen customers have been queuing in front of the Silicon Valley Bank in Santa Clara (California, United States), since very early in the morning of Monday March 13. They want to withdraw all their cash. The panic extended into the day after the announcement last Thursday declaring the bank bankrupt. The president himself wished the Americans. “I will ask Congress and the bank regulator to tighten the rules to prevent this from happening again.“, assured Joe Biden.
Some French establishments are weakening
A few minutes later, the American regional bank, First Republic, unscrewed by more than 65% at the opening of Wall Street. In France, some banking establishments are also declining, such as Crédit Agricole, Société Générale and BNP Paribas. The Minister ofEeconomy, Bruno Le Maire, also wants to be reassuring, stating that he “there is no specific risk for France“.
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