‘A stress indication’: What the Street is saying as bank stocks tank, markets rethink rate-hike path

Global banking shares plunged on Monday as moves by the United States to guarantee deposits at collapsed tech-focused lender Silicon Valley Bank failed to reassure investors that other banks remain financially sound.

Commerzbank AG fell as much as 12.7%, while Credit Suisse Group AG briefly hit a new record low after falling more than 15%.

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