Major Japanese banks suffer losses over fear of SVB exposure

View of the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California (US), 13 March 2023. EFE/FILE/George Nikitin

Tokyo, Mar 14 (EFE).- Three of the largest Japanese banks, Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group, recorded significant losses Tuesday along with other Japanese financial entities in the first half of trading on the Tokyo Stock Exchange due to fears of their exposure to the bankruptcy of Silicon Valley Bank (SVB). Tokyo’s main … Read more