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Silicon Valley Bank shut down by regulators

Por: Fox Business Business March 10, 2023

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SlateStone Wealth chief market strategist Kenny Polcari analyzes the SVB meltdown, arguing banking stocks got 'slaughtered,' but contagion fears are 'way overdone.' The (FDIC) says it has seized control of Silicon Valley Bank (SVB), confirming the lender was shut down by California regulators amid a run on the bank. The FDIC said in a press release that SVB was closed on Friday by the California Department of Financial... + full article



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