Silicon Valley Bank drops another 60 percent and is halted, as pressure mounts on banking se

[NewsFeeder]

Silicon Valley Bank drops another 60% and is halted, as pressure mounts on banking se

Silicon Valley Bank drops another 60% and is halted, as pressure mounts on banking sector

Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.

More @ CNBC...

 

[James48843]

Re: Silicon Valley Bank drops another 60% and is halted, as pressure mounts on bankin

Several Banks now reporting major hits. See https://ml-implode.com

Silicon Valley Bank
Silver gate Bank
United Wholesale Mortgage




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[James48843]

Re: Silicon Valley Bank drops another 60% and is halted, as pressure mounts on bankin

And a Credit Union went under yesterday.

https://ncua.gov/newsroom/press-release/2023/inter-american-federal-credit-union-closes

Note: these are is first Credit Union AND the first bank to fail in 2023.


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