Ein weiterer Dominostein fällt in der Bankenkrise
Finanzen Ein weiterer Dominostein fällt in der Bankenkrise Following the significant losses experienced by New York Community Bank (NYSE: NYCB) stock last week, which resulted in a substantial decrease in its value, it appears that another bank could be facing a similar situation. Specifically, Softbank Group (OTCMKTS: SFTBY) stock saw a decline of -28.35% in after-market trading, dropping from $30.79 at close to $22.06 in after-hours trading. The possible reason behind the plunge in Softbank stock valuation is that a big part of its debt matures today, incurring decreased reserves. On March 1, SoftBank announced its 59th Unsecured Bond for ¥550 billion ($3.7 billion) targeting retails, with Aozora Bank acting as a trustee, the same bank that announced that it expects to post a net loss of ¥28 billion ($191 million) for the fiscal year ending March 31, compared with its previous outlook for a net profit of ¥24 billion, as revealed by am März 8. Bank Term Funding Program (BTFP) expires on March 11 The Bank Term Funding Program (BTFP) is an emergency lending initiative established by the Federal Reserve in March 2023. It aims to provide urgent liquidity to US depository institutions following the significant bank failures of Signature Bank and Silicon Valley Bank, marking