Just hours later, tech bank Silicon Valley Bank crashed - and Alecta lost billions of dollars. - "It was a bit of bad timing," says Jacob Lapidus, press officer at Alecta.Pension giant Alecta announced that it was abandoning Handelsbanken and Swedbank to focus on niche US banks.
you tease Alecta is the fifth largest shareholder in First Republic Bank, a position it added to toward the end of last year, and the sixth biggest owner in Signature Bank. Both of those banks also suffered steep one-day losses on Thursday.The development comes only two days after Alecta told local media that it had offloaded its entire holdings in one of Sweden's most conservative lenders, Svenska Handelsbanken AB, after 71 years. The pension group's head of governance and sustainability, Carina Silberg, told newspaper Dagens Industri the group was focusing on American niche banks rather than traditional lenders.