Crypto markets are flying as banks and traditional finance stocks get hammered by investors grappling with the collapse of several large banking institutions.
As a new trading week begins, bank stocks are proving to be the biggest losers, with some of them suffering as much as 75% in losses mere hours into the open.
A look at Yahoo Finance’s list of top losers shows a long list of banking stocks bleeding out badly.
Source: Yahoo Finance
Following the recent closure of Silicon Valley Bank, Silvergate Bank and Signature Bank, fears of a spreading banking contagion have rocked the sector as investors look to see who could be next on the chopping block. At time of writing, First Republic Bank (FRC) and Western Alliance (WAL) are
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