Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 403 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
you tease Alecta is the fifth largest shareholder in First Republic Bank, a position it added to toward the end of last year, and the sixth biggest owner in Signature Bank. Both of those banks also suffered steep one-day losses on Thursday.The development comes only two days after Alecta told local media that it had offloaded its entire holdings in one of Sweden's most conservative lenders, Svenska Handelsbanken AB, after 71 years. The pension group's head of governance and sustainability, Carina Silberg, told newspaper Dagens Industri the group was focusing on American niche banks rather than traditional lenders.