Is Softbank's Plunge the Next Domino in the Banking Crisis?
Friday, 8 March 2024, 09:17
A New Crisis Unfolding
Following the significant losses experienced by New York Community Bank (NYSE: NYCB) stock last week, it seems another bank, Softbank Group (OTCMKTS: SFTBY), is facing a similar situation with a -28.35% decline in stock price.
Softbank's Debt Maturity Concerns
The drastic drop in Softbank stock valuation could be linked to a significant portion of its debt maturing, resulting in decreased reserves.
Bank Term Funding Program Deadline
The Bank Term Funding Program (BTFP) expires on March 11, potentially worsening the situation for depository institutions in the US.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.