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Silicon Valley Bank's collapse spread the US banking crisis.

TraderKnows
TraderKnows
04-30

On March 11, 2023, Signature Bank, the 29th largest bank in the United States, announced bankruptcy, indicating that the banking crisis has spread.

On March 11, 2023, Signature Bank, the 29th largest bank in the United States, announced bankruptcy and was taken over by the FDIC, indicating the spread of the banking crisis. The US government took swift and unusual measures to protect the financial system. However, many bank stocks continued to plummet at the beginning of this week, as the ultimate solution to the emergency remains uncertain.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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