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France 24

Business

Charles PELLEGRIN

Global banking stocks slump amid fallout from SVB collapse

Silicon Valley Bank United States

BUSINESS DAILY © FRANCE 24

Banking stocks around the world have fallen sharply following the collapse of Silicon Valley Bank and a subsequent intervention by US regulators to protect depositors. Smaller regional lenders in the US are particularly hard hit, with many requests being made to move deposits to some of the country's larger lenders. Also in this bulletin, we look at the calls for stricter regulation of the financial sector.

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