SVB crash: ECB underlines concerns over interest rates risks

Answering questions about the bank run on Silicon Valley Bank, the European Central Bank on Sunday underlined concerns over how European banks handle increasing interest rates. The ECB reiterated that a recent review found weaknesses at banks, including ignoring consumer behaviour shifts that could lead to deposit withdrawals when rates rise. “Beyond a certain point, it could become an issue,” ECB chief bank supervisor Andrea Enria said in a Latvian interview last week.