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Bank shares plummet up to 71% in pre-market trading despite Biden's backing Bank shares plummet up to 71% in pre-market trading despite Biden's backing
Venessa Cade Marissa Liu-Glaister Brad Roberts Norman Bowley
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Bank shares plummet up to 71% in pre-market trading despite Biden's backing

SVB's swift downfall on Friday has ignited fears of a contagion in the banking sector amid the Federal Reserve's sharpest rate hike cycle since the early 1980s.

Published 7 days ago
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