top of page
  • Jim Costa

US banks sold off on contagion fears - Newsquawk Asia-Pac Market Open.

"US stocks wiped out their early post-jobless claims gains amid a mixture of financial contagion fears, tax hike talk and geopolitics. Financials were slammed as SVB Financial (SIVB) dropped more than 60% after filed a USD 1.75bln stock offering to help with its cash burn and which added to fears after the Silvergate (SI) crypto woes in the sector recently, while the four

37 views0 comments


bottom of page