Ripple effects can be felt across the markets

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The collapse of Silicon Valley Bank (SVB) last week has spooked financial markets, with global banking stocks dropping significantly as a result. Fears of contagion have spread, given that it is the largest bank failure in the US since the 2008 financial crash.

With a new CEO, Tim Mayopoulos, at the helm, SVB is declaring ‘business as usual’, but the ripple effects of the bank’s failure can still be felt.

To discuss the backdrop to the bank run and the wider implications on markets and the tech sector, Ciaran Hancock is joined by Irish Times columnist Chris Horn and Markets Correspondent Joe Brennan.