The Week in Numbers: everybody calm down

STORY: From a calmer week for bank shares, to why Alibaba is doing the splits, this is the Week in Numbers. First up…

$238 billion is the total value of Silicon Valley Bank assets, deposits and loans scooped up by First Citizens bank.

The deal helped soothe investor jitters over the sector, lifting markets more broadly over the course of the week.

Summit Place founder Liz Miller says it also puts First Citizens in the big league:

“They’re half the size of what SVB was, so they’re stepping up to walk in to becoming a very major player in the country”.

Six is how many units Alibaba will split into.

It’s the e-commerce giant’s biggest-ever revamp, and is meant to make the firm more agile.

The news sent Alibaba shares soaring, and raised hopes that China’s long crackdown on its tech giants is easing off.

15% was the surge in shares for H&M on Thursday.

That after cost-cutting helped the fashion retailer defy forecasts for a loss.

But analysts say it still lags arch-rival Inditex, owner of the Zara chain, and faces a challenge from upstarts like China’s SHEIN.

Just under $20 billion could be the current value of Twitter.

That’s according to a report by the Information, based on stock grants to employees.

If so it would be less than half the $44 billion that Elon Musk paid for the social network just a few months ago.

And 26% was the plunge in average bonuses on Wall Street last year.

That as an economic downturn and stalled deal markets hit bank profits.

Few financiers will go hungry though, with the average bonus still at close to $177,000.