Silicon Valley Bank

Moody's downgrades its outlook of US banking system to negative

Wed, 15 Mar 2023 - 05:14 GMT

The agency explained that it took this decision in light of the fall of three banks, which prompted regulators to intervene on Sunday, with a plan to rescue depositors and other institutions affected by the crisis.

No negative repercussions on Egyptian banking sector due to bankruptcy of Silicon Valley Bank

Sun, 12 Mar 2023 - 06:02 GMT

The CBE noted that the Egyptian banks do not have any deposits, investments, or financial transactions with Silicon Valley.

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