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Wall Street Week: US investors ponder banking sector strain, Illumina draws Icahn interest, Adobe jumps on Q1 beat

Wall Street witnessed a frightening sell-off this week as the collapse of Silicon Valley Bank (SIVB:NASDAQ) and Signature Bank (SBNY:NASDAQ), the second and third biggest bank failures in US history, was followed more problems at Credit Suisse (CSGN:SWX) and First Republic (FRC:NYSE).No wonder investors were left fearing another systemic financial collapse like in 2008. For now, there is little ev

Wall Street Week: Silicon Valley Bank rocks US equity markets sending shockwaves across the global banking industry

US markets were rocked on Thursday as Silicon Valley Bank shares collapsed 60%. Officially SVB Financial (SIVB:NASDAQ), it has become synonymous with lending to high-risk technology start-ups, many of which are increasingly desperate for cash as venture capital funding has dried up.This has led to pressure on Silicon Bank's liquidity and vast bond sales, forcing it to go cap in hand to investors f
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