california headquarters offering coffee and donutsfeel free to transact business as usual we just ask for a little bit of time because of the volume fdic employee luis mayorga told waiting customersregulators also moved swiftly to close new yorks signature bank which had come under pressure in recent daysa serious investigation needs to be undertaken on why the regulators missed red flags and what needs to be overhauled said mark sobel a former senior treasury official and us chair of official monetary and financial institutions forum a think tankcanadas banking regulator took steps to begin daily checkins with banks that will enable it to monitor their liquidity the globe and mail reported on mondayfalloutin the money markets indicators of credit risk in the us and euro zone banking systems edged upemboldened by bets the fed may have to slow its rate hikes the price of gold a popular safehaven raced above the key 1900 levelthose expectations also weighed on japans banking stocks which tumbled 67 in early asian trade to their lowest since decemberjapanese financial institutions have sufficient capital buffers to absorb any losses caused by external risks such as rising overseas interest rates the bank of japan said on tuesday it did not directly mention the svb collapseyunosuke ikeda chief equity strategist at nomura securities said the shift to much less aggressive fed hike expectations has also tempered the outlook for an eventual pivot in japan away from ultralow interest ratesthe pressure to unwind positions is extremely big here said ikeda the prospect of higher interest rates had been the reason investors have been really excited about japan bank stockscompanies around the globe with svb accounts rushed to assess the impact on their finances in germany the central bank convened its crisis team to assess any falloutafter marathon weekend talks hsbc said it was buying the british arm of svb for one pound 121 hsbcs hong kong listed shares fell more than 5 on tuesdaywhile svb uk is small its sudden demise prompted calls for government help for britains startup industry and its heavily exposed biotech sector in particular