Global financial markets have lost $465 billion in just two days amid the bankruptcy of U.S. Silicon Valley Bank (SVB). It was reported by the Bloomberg agency. Against the backdrop of recent events, there was volatility even on the chart of the S&P 500.

Collapse of SVB provoked a fall at the world financial market on Friday and Monday because of fears that other banks also could be underfunded because of losses on their bonds. U.S. Treasury bond yields fluctuate Monday after falling amid expectations that the Federal Reserve would delay raising rates because of turmoil in the banking system.

The publication noted that amid the panic on the market because of the collapse of SVB, quotations of U.S. regional banks were the hardest hit. For example, the KBW Regional Banking index fell 7.7%. First Republic shares plummeted by 73% over three sessions, making this bank a loss leader. In turn, stocks of European banks gradually stabilized. The only exception was the decline in Credit Suisse Group shares by 4.4%.

According to Bloomberg, the major banks in North Asia, for the most part, faced minimal risks of sudden withdrawal of deposits. However, shares of Japanese banks were the hardest hit in the Asian region. For example, shares of Jimoto Holdings, Tsukuba Bank and Fukushima Bank for the three days lost more than 10%.

A day earlier, CNN reported that the attempt of the US authorities to eliminate the consequences of the collapse of SVB, failed to reassure investors and caused a global panic in the financial market. CNN pointed out that despite HSBC’s (FTRXX) purchase of SVB’s British unit for £1 and assurances that customers would be able to continue banking as normal, shares began to fall in early morning trading.

We previously reported that Moody’s worsened its outlook on the U.S. banking system to a negative.