U.S. government responded decisively to SVB fallout - German FinMin

The U.S. government and financial authorities have acted decisively in response to the collapse of Silicon Valley Bank and Signature Bank , German Finance Minister Christian Lindner said on Monday.

U.S. regulators were forced to step in with a series of emergency measures after the failure of the two banks, which threatened to trigger a broader crisis. European and German financial institutions are monitoring the situation, Lindner said in Brussels on the sidelines of a Eurogroup meeting.

"These institutions have left no doubts in terms of stability," he said.