UPDATE 1-U.S. government responded decisively to SVB fallout - German FinMin

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds quotes and Stability and Growth Pact comments) BERLIN, March 13 (Reuters) - The U.S. government and financial authorities have acted decisively in response to the collapse of Silicon Valley Bank and Signature Bank , German Finance Minister Christian Lindner said on Monday.


U.S. regulators were forced to step in with a series of emergency measures after the failure of the two banks, which threatened to trigger a broader crisis. European and German financial institutions are monitoring the situation, Lindner said in Brussels on the sidelines of a Eurogroup meeting. "These institutions have left no doubts in terms of stability," he said.

(Reporting by Maria Martinez and Christian Kraemer, Editing by Rachel More)

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