The European Central Bank is expected to still hike rates by another 50 basis points on Thursday despite financial stability concerns being firmly back on the table with the collapse of Silicon Valley Bank in the U.S. European markets closed sharply lower Monday amid the fallout from the SVB crisis. On Friday, SVB was taken over by regulators after massive withdrawals a day earlier effectively created a bank run. HSBC then on Monday agreed to buy the British arm of the troubled U.S. tech startup-focused lender for £1. Concerns of contagion and increased regulation and just some general profit-taking caused European ... (full story)