News Snapshot:
A buyer for Silicon Valley Bank’s deposits and loans helped shares in European lenders mount a partial recovery on Monday, after the sector was hammered last week by worries of systemic bank stress and a credit crunch. There are also hopes for extra support for bank funding, after Bloomberg News reported U.S. authorities were in early stage deliberation about expanding emergency lending facilities in an effort to contain the worst banking shock since the 2008 global financial crisis. The sudden collapse of tech-focussed SVB earlier this month destabilized the sector and drew some of Europe’s biggest banking names into investors’...
