The Contagion Effect: How Silicon Valley Bank is Affecting European Bank Stocks

How the Silicon Valley Bank contagion is shaking up the European banking sector

As we approach 2023, the global financial landscape is undergoing an interesting shift as a result of the contagion effect caused by Silicon Valley Bank’s problems. The crisis has had far-reaching consequences for the stock prices of Europe’s major banks, and there is growing concern that the worst is yet to come. The exposure of … Read more

Gautam Adani overtakes Warren Buffett to become world’s fifth richest person

Gautam Adani overtakes Warren Buffett to become world's fifth richest person

In 2022, Gautam Adani’s industrialist wealth increased by $43 billion, a remarkable increase of 56.2 percent. Gautam Adani, the chairman of the Adani Group, has risen to fifth place on the Forbes magazine list of global billionaires, surpassing legendary investor Warren Buffett.According to a Forbes article, Adani has a net worth of $123.7 billion as … Read more