The Money GPS
Mar 14, 2023
$100BN wiped off US banking market in SINGLE DAY as former White House adviser calls it ‘tip of the iceberg’: Bloodbath on Wall Street saw regional banks fall by up to 60% and the Big Four drawn into SVB’s collapse contagion Trading was intermittently halted on at least 20 regional banks as the velocity of money forced regulators to intervene as fear gripped Wall Street Sell-off hit the Big Four trillion-dollar banks: Citigroup’s share price dived 7.45%, Wells Fargo sank 7.1%, Bank of America plunged 5.8% and JP Morgan fell 1.8% Former Trump staffer Steve Moore warned: ‘The system is sound, but I do think you have a lot of major banks that are in some trouble’
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