Fed's heavy hand needs stopping as SVB becomes fatal victim of aggressive hikes

MARKET_WATCH Finance

A trader works on the floor of the New York Stock Exchange (NYSE) in New York on Monday, Sept. 20, 2021. The Silicon Valley Bank situtation is a "timely reminder" that when the Fed is focused on reining in inflation with interest rate hikes "it often ends up breaking things," one economist said Friday.

Michael Nagle/Bloomberg

 

Traders are steeling themselves for the risk of more turbulence after the biggest U.S. bank collapse since the 2008 financial crisis sent shockwaves through markets. 

 

The unravelling of SVB Financial Group's Silicon Valley Bank was driven in large part by the fallout from higher U.S. interest rates, prompting questions about whether other institutions might also be at risk as investors debate just how much further the U.S. central bank is likely to tighten policy. Meanwhile, the outlook for the economy — and likely policy responses to it — remain in flux.

 

 

Source : [Fed's heavy hand needs stopping as SVB becomes fatal victim of aggressive hikes](www.investing.com/news/economy/feds-heavy-hand-needs-stopping-as-svb-becomes-fatal-victim-of-aggressive-hikes-3028148) by Investing.com - 41Economy News by Investing.com / March 11, 2023

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

Automata ICO Limited, a Company incorporated in Ireland with its registered office at 3rd Floor Ormond Building, 31-36 Ormond Quay Upper, Dublin 7, D07 Ee37, Ireland registered in Ireland under number 690280 has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing, we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS.

Automata ICO Limited, a Permanent Establishment incorporated in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.