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SVB sinks wiping $61B in market value off bank stocks

Por: Fox Business Business March 10, 2023

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Payne Capital Management President Ryan Payne shares his outlook on stocks and bonds, as well as the state of the crypto industry following Federal Reserve Chairman Powell's testimony before Congress.  Jittery investors got another scare on Thursday after Silicon Valley Bank announced plans for $1.75 billion in common stock and depository shares. SVB shares lost 60.4%, the largest percentage drop since 1998, which wiped out over $9.5... + full article



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