Bank shares sell-off sparks unplanned ECB board meeting

An ECB spokesperson told PA's sister title Investment Week: "The supervisory board is meeting to exchange views and to provide members with an update on recent developments in the banking sector." The meeting was prompted by a tumultuous week for banks across the world, which began with the sale of Silicon Valley Bank UK to HSBC following SVB's collapse on 9 March. Credit Suisse added to the concerns when a combination of its admission of risk and compliance failures, combined with its largest shareholder announcing it would not be able to add further financial banking, resulting in a...