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shāng yè
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·HSK 6

Silicon Valley Bank collapse raises financial system concerns
guīgǔ yínháng dàobì yǐnfā jīnróng tǐxì dānnyōu
硅谷银行倒闭引发金融体系担忧
。

Silicon Valley Bank collapse became largest US bank failure since 2008
guīgǔ yínháng dàobì shìjiàn chéngwéi èr líng líng bā nián jīnróng wēijī yǐlái měiguó zuì dà yínháng pòchǎn àn
硅谷银行倒闭事件成为二零零八年金融危机以来美国最大银行破产案
。

March 11, 2023 at 2:00 PM

Silicon Valley Banks collapse on March 10, 2023 evolved into the most serious banking crisis since 2008
guīgǔ yínháng zài èr líng èr sān nián sān yuè shí rì de dàobì shìjiàn yǎnbiàn wéi èr líng líng bā nián yǐlái měiguó zuì yánzhòng de yínháng wēijī
硅谷银行在二零二三年三月十日的倒闭事件演变为二零零八年以来美国最严重的银行危机
。
the banks massive bond losses combined with interest rate pressures
gāi yínháng zhàiquàn tóuzī zǔhé de jù é kuīsǔn yǔ lìlǜ shàngshēng xíngchéng de shìchǎng yālì
该银行债券投资组合的巨额亏损与利率上升形成的市场压力
，
together triggered a bank run
gòngtóng yǐnfā le yī cháng yínháng jǐduì fēngcháo
共同引发了一场银行挤兑风潮
。
the FDIC immediately seized the bank
měiguó liānbāng存款 bǎoxiǎn gōngsī suíjí jiēguǎn gāi yínháng
美国联邦存款保险公司随即接管该银行
。
despite regulators quick actions
jǐnguǎn jiānguǎn bùmén xùnsù cǎiqǔ cuòshī
尽管监管部门迅速采取措施
，
the government was forced to guarantee all deposits
měiguó zhèngfǔ zuìzhōng réhuán bèipò xiàng suǒyǒu cúnkuǎn rén tígōng quán é dānbǎo
美国政府最终仍被迫向所有存款人提供全额担保
。
this sparked widespread debate on banking regulation for mid-size banks
cǐ jǔ yǐnfā le guānyú zhōngděng guīmó yínháng jiānguǎn kuàngjiàng de guǎngfàn tǎolùn
此举引发了关于中等规模银行监管框架的广泛讨论
。
industry widely believes
yèjiè pǔbiàn rènwéi
业界普遍认为
，
current stress tests and capital requirements may need strengthening
xiànxíng de yālì cèshì hé zīběn yāoqiú kěnéng xūyào jiāqiáng
现行的压力测试和资本要求可能需要加强
。

New Words

guigu
硅谷
Silicon Valley
yinhang
银行
bank
daobi
倒闭
collapse
weiji
危机
crisis
zhaiquan
债券
bond
kuisun
亏损
loss
cunkuan
存款
deposit
danbao
担保
guarantee
jianguan
监管
regulation
ziben
资本
capital

News in English

Business

SVB Collapse Triggers Banking System Reforms

Silicon Valley Bank collapse on March 10, 2023 sparked banking sector crisis, with government guaranteeing all deposits and prompting major regulatory debate.

Silicon Valley Banks collapse on March 10, 2023 evolved into the most serious banking crisis since 2008. The banks massive bond losses combined with interest rate pressures together triggered bank run. The FDIC immediately seized the bank. Despite regulators quick actions, the government was forced guarantee all deposits. This sparked widespread debate on banking regulation for mid-size banks. Industry widely believes current stress tests and capital requirements may need strengthening.

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revenue / income
shōurù
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prospects / outlook
qiánjǐng
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to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
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semiconductor
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stock market
gǔshì
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zhōuwǔ
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strongly / with force
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强势
to rebound / to rally
fǎntán
反弹
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Dow Jones Index
Dào Zhǐ
道指
gained more than
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涨超
400 points
400 diǎn
400点
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to end / to conclude
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volatile / turbulent
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international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
，
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
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bǎifēnzhī yī diǎn sān
1.3%
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OPEC
Ōu pèi kè
欧佩克
to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
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unchanged
bù biàn
不变
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