Banking stocks in the US and Europe came under heavy pressure as liquidity problems at the small US start-up bank Silicon Valley Bank raised concerns about the sector as a whole.

The negative conjuncture, composed of disparate factors, has shifted the crisis from a small US start-up bank to the broader US banking industry, and since yesterday even to European banks, and led to a concerted decline in bank stocks.

According to the Kathimerini report, these are, on the one hand, the difficulties faced by technology startups in previous months, and, on the other hand, the losses caused to banks last year by falling bond prices amid rising interest rates.