More pain is headed for stocks as turmoil in the banking sector hasn't passed, according to Man Group CEO Luke Ellis.
The collapse of Silicon Valley Bank , the closure of others specialist firms like Silvergate and Signature, along with financial concerns over at Credit Suisse, has rocked markets. Shares of SVB peers like First Republic and PacWest have shed nearly 90% and 60% in the past month, respectively, on contagion concerns.
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