- The sudden collapse of Silicon Valley Bank has caused panic in the banking sector.
- Investors have unloaded shares of regional banks in droves in recent sessions.
- Bank of America shared 23 bank stocks that have upside despite all the concerns.
One of the biggest scares for the banking sector since the financial crisis came late last week when Silicon Valley Bank (SIVB), which was the 16th-largest bank in the nation just days ago, imploded nearly overnight.
Silicon Valley Bank’s parent company, SVB Financial Group, went belly-up after a panicked bank run catalyzed by its desperate attempt to raise capital and stay solvent by selling shares.
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