US bank stocks were hit again yesterday. The damage was mostly on regional banks in the Western US and their shares got crushed. One San Francisco bank called First Republic at one point saw it shares dropped 75%. Zion's bank based in Utah dropped close to 26%.
The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each other for their role in the bank run on SVB that precipitated its demise.
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