Here’s Why Banks are Breaking -
US bank stocks big and small took a beating yesterday as the Bank ETF $KBE posted its largest single-day decline since 2020. The steep sell-off came on the heels of Silicon Valley Bank’s $SIVB Wednesday announcement of a $1.8B loss, mainly due to accepting unrealized losses in US treasuries. Based…
#kbe #siliconvalleybanks #sivb #treasury #bankofamericabac #jpmorgan #jpm #charlesschwabschw #cmefedwatchtool #bondreport
