Amid the bankruptcy of Silicon Valley Bank (SVB), pension funds around the world lost millions of dollars. calculated American magazine Newsweek.
“The collapse of Silicon Valley Bank has resulted in millions of dollars lost in pension funds worldwide,” the publication wrote.
According to the magazine, the California Public Employees Pension Fund (CalPERS) invested $67 million in the SVB, the California State Teachers’ Pension Fund (CalSTRS) invested $11 million, the Swedish pension fund Alecta $848 million, and the South Korean Service (NPS).
March 11 for the first time since the 2008 financial crisis in the US bankrupt one major bank is Silicon Valley Bank (SVB), which ranks 16th on the list of the nation’s largest lenders.
Yesterday US President Joe Biden spoke He made an urgent appeal to the Americans because of the situation in the national banking system, but did not promise the Americans that the collapse of the two banks would not cause a chain reaction.