Norway’s Sovereign Wealth Fund lost in US Bank Crash
Norges Bank Investment Management reportedly held 1.7 billion Norwegian krone in SVB shares and 1.1 billion Norwegian krone in bonds, along with 400,000 Norwegian krone in shares in Signature Bank
Media reports said the fund hoped to get some of its money back, but a spokesman said it was “premature to say how much”, given this was “the biggest US bank collapse since the financial crisis” in 2008.