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Posts tagged as “Melanie Travi”

Shares of U.S. Regional Banks Plummet as Fears of Bank Contagion Following SVB Financial Group Collapse Linger

Shares of regional banks in the US slumped on Monday, as investors sold off their stocks in response to the collapse of SVB Financial Group and Signature Bank. This has raised fears of possible bank contagion, despite the additional funding from JPMorgan Chase to help First Republic Bank meet withdrawal demands. SVB catered to tech startups, internet and software companies, as well as firms in the life science and health care space, and had $210 billion in assets.