Key Takeaways
- Banks investors have been on a wild ride, as the collapse of Silicon Valley Bank and Signature Bank caused a widespread selloff on Monday
- The drawdowns were particularly heavy in smaller regional banks, with investors and deposit holders rushing for exits to larger banks
- Tuesday saw somewhat of a turnaround, as many of these stocks bounced back
At the start of last week, our Slack channels were discussing the fact that the week before had been a quiet one in terms of financial news. Then in the space of a few days, two banks collapsed and it looked like more might follow.
Be careful what you wish for!
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