As Falls Silicon Valley Bank, So Falls Banking Stocks

Stocks, particularly banking stocks, fell Friday as regulators took control of Silicon Valley Bank. The Federal Deposit Insurance Corp. announced that Silicon Valley Bank was closed today by the California Department of Financial Protection and Innovation. The FDIC has been appointed as receiver. Following the failure of SVB, the Dow Jones Industrial Average dropped for [...] The post As Falls Silicon Valley Bank, So Falls Banking Stocks appeared first on ETF Trends .