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Reports of Long Lines are now forming at Silicon Valley Banks nationwide
2 years ago
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Currently reports of people across the country are waiting in long lines outside of Silicon Valley Banks as they are reopening today after the collapse on Friday. Officials say depositors will be able to access their money today as Silicon Valley Bank was the second-largest bank failure in U.S. history.
U.S. Regional Bank Stocks Now:
1. Western Alliance, $WAL: -75%
2. First Republic, $FRC: -65%
3. Zions Bancorp, $ZION: -43%
4. PacWest, $PACW: -41%
5. Comerica, $CMA: -33%
6. Fifth Third, $FITB: -20%
Markets are betting that SVB's collapse broke the regional bank system.
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