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1 1 (April 7, 2023)

handle is hein.crs/govelew0001 and id is 1 raw text is: Congressional ____ ~ Research Service The Silicon Valley Bank Failure's Capital Markets Implications April 7, 2023 The sudden failure of Silicon Valley Bank (SVB) and Signature Bank and troubles at several other banks (e.g., First Republic Bank and Credit Suisse) triggered a selloff of bank shares in March 2023. Regional bank shares (e.g., KBW Nasdaq regional bank index) were down nearly 20% year-to-date through March 17, 2023, while the general stock market performance (e.g., S&P 500 index) had a slight gain of 2% for the same period. As of April 5, 2023, the overall stock market indexes went up higher, but regional bank shares remained at depressed price levels (Figure 1). This Insight is part of a CRS product series explaining the SVB event from multiple financial services perspectives. It focuses on the SVB failure's capital markets implications. Congressional Research Service https://crsreports.congress.gov IN12141 CRS INSIGHT Prepared for Members and Committees of Congress -

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