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Home»News»Mexican banks fall up to 5% in the Mexican Stock Market after SVB crisis

Mexican banks fall up to 5% in the Mexican Stock Market after SVB crisis

Stanley BowersBy Stanley BowersMarch 13, 2023No Comments1 Min Read
Mexican banks fall up to 5% in the Mexican Stock Market after SVB crisis
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The shares of Banco del Bajío are listed at 66.49 pesos per share, those of Santander 69.94 pesos and those of Gentera 17.72 pesos per share. Banorte is trading at 146.01 pesos.

The failure of Silicon Valley Bank raises fears of contagion to the global financial system because it is the second largest bankruptcy since 2008 after Lehman Brothers.

Global alerts

In Germany, the central bank assembled its crisis team on Monday to assess the possible consequences in the local market, although no emergency measures were foreseen in Europe.

“Banks are in a much stronger position than they were before the financial crisis” of 2008, judges DWS, Germany’s largest asset manager, in a note.

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