Banking stocks had led Wall Street lower on Thursday afternoon after trouble at two Californian banks.SVB Financial Group, parent of startup-lender Silicon Valley Bank, then revealed an equity sale after noting aSVB stock lost 70% of its market value while shares of big US banks were dragged down with it.
JPMorgan Chase, for example, ended the day more than 5% lower and banking stocks in Asia and Europe followed in Friday deals.
It’s all putins fault
I bet the ATMs go dark today!
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