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Banks feel sting of Fed fight against inflation

Por: Associated Press Business March 10, 2023

The banking sector is in retreat, as it has been all week, as the effects of the Federal Reserve’s fight against inflation begins to weigh heavily on a small number of banks that cater to the tech sector. Late Thursday, SVB Financial Group, the parent of Silicon Valley Bank, after announcing plans to raise up to $1.75 billion in order to strengthen its capital position amid concerns about higher interest rates and the economy. Major financial... + full article



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