Silicon Valley Bank

 The main reasons why share prices of banks around the world have fallen:

Share prices of banks around the world fell after a problem at a US bank raised fears of a wider problem for the financial sector.

On Thursday, shares of Silicon Valley Bank (SVB), a key lender to technology start-ups, plunged after it announced its financing plan.

This had a knock-on effect, with the four largest US banks losing more than $50 billion in market value. 

That will have a lot of impact.

Bank shares fell in Asia and Europe on Friday.

Among UK banks, HSBC shares fell 4.8% and Barclays fell 3.8%.

Shares of SVB saw their biggest one-day drop on record on Thursday as they tumbled more than 60% and lost another 20% in after-hours trade. 

Which symbolizes many losses.

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The slide came a day after the bank announced a $2.25bn (£1.9bn) share sale to shore up its finances.silicon valley bank crypto

SVB began selling shares after losing about $1.8 billion when it offloaded a portfolio of assets, mainly U.S. government bonds.silicon valley bank assets

But more importantly for banks, some start-ups with cash deposits have been advised to withdraw funds.

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