Norway’s Oil Fund Held Over $260M In Failed SVB Banking Group

Norway’s oil fund held over $263 million in Signature Bank and SVB Financial Group, the owner of Silicon Valley Bank (SVB), which failed spectacularly over the weekend, sparking government intervention.  MarketWatch reports that the Norwegian sovereign wealth fund (SWF) held around $263 million in SVB Financial Group and Signature Bank, based on last week’s valuations.  “This is the biggest U.S. bank collapse since the financial crisis and we are closely monitoring the situation in the market,” Norges Bank Investment Management…

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