The bleeding of banks on the stock market deepens the fall of the Ibex 35 to almost 3%

• Stock Market The collapse of Silicon Valley Bank stirs fears of a new financial 'crash': Is there a risk of contagion?

The turbulence of the banks on the stock market continues this Monday after the financial news from Wall Street.

The fall of Silicon Valley Bank (SVB) last Friday has encouraged uncertainty and doubts about the financial strength of the entities in an environment of rising rates and investors continue to penalize the main firms in the sector.

In Spain, Banco Sabadell has suffered the worst since its opening.

The entity leaves more than 9% on the way to the half session, although at times it has lost more than 10%.

They are followed by Bankinter and Santander, which have lost more than 6.5%;

BBVA is close to -6%, while Unicaja and CaixaBank are over -5%.

The bleeding of the sector is dragging with it the Ibex 35, which loses almost 3% at the edge of 12:30 p.m. and tries to hold 9,000 points.

The falls are repeated in the rest of the big European markets and are especially large in the Ftse Mib in Milan, where the weight of the bank also pulls almost 4% of the index down.

The Cac 40 in Paris fell 1.9% and the Frankfurt Dax lost just over 2%.

The contagion has been extended since last Friday, although some analysts consider that there is an

"The contagion should not go further. The fall of the SVB is a serious problem, but the concerns about the banking sector in general are not justified and even less about the big banks. The knee-jerk reaction of the market seems somewhat exaggerated. It has caused a great psychological impact that has awakened the old demons of the market, but we already know that when something happens, investors sell first and then worry about seeing what happened and analyzing it," says Ismael de la Cruz, an analyst at Investing.com.

Others, however, believe that the falls these days could be a

, a signal to be alert to the consequences of the sudden monetary normalization by central banks and its effects on households and companies, particularly the most indebted or those with the greatest financing needs.

What is clear is that investors are showing their fears in this way after the collapse of SVB, which has led the US authorities to intervene in the company to guarantee the deposits of its clients.

The United States Department of the Treasury yesterday ordered the Federal Deposit Insurance Corporation (FDIC) to guarantee the funds of Silicon Valley Bank clients, to which they will be able to access starting today.

"Depositors will have access to all their money starting Monday, March 13. Any loss associated with the Silicon Valley Bank resolution will be borne by the taxpayer," according to a joint statement from the US Treasury, the FDIC and the Federal Reserve collected by the Efe agency, in which they point out that the shareholders and some unsecured debtors will not be protected.

The goal is to "guarantee public confidence in the United States banking system," said US Treasury Secretary

.

The Silicon Valley Bank (SVB), a financial institution with an important client portfolio among technology 'startups', was finally intervened by the FDIC last Friday due to doubts about its liquidity and solvency.

Federal authorities have been working over the weekend on possible formulas to guarantee client funds.

The markets will continue to await this Monday the news from the US and also the news that may arise at the meeting held by the

in Brussels.

According to the criteria of The Trust Project

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