Sharp losses in banking stocks led Wall Street’s main indexes lower on Thursday, as turmoil at Silicon Valley Bank’s parent company triggered investor fears about the stability of the financial sector. The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a […]
Source: Market Panic: Four Biggest US Banks Lose Staggering $52 Billion — Dow Drops 540 Points