13 March 2023 at 10:20 Red on European stock exchanges after bank collapse in the USA The arrows point down to the main indices in Norway, Great Britain, Germany and France on Monday morning. At the time of writing, the Oslo stock exchange is down over 2.2 per cent. AFP links the red numbers to last week’s bank collapse in the United States. Silicon Valley Bank has been placed under bankruptcy protection in what is described as the biggest bank collapse since the financial crisis. Two further banks are closed. The United States has taken a number of measures to increase confidence in the American banking system. France’s finance minister has denied that this affects the French banking system, as has Germany. The British authorities have arranged for the major bank HSBC to buy the American bank’s British arm.
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