Category: Banking stocks

Cratering Silicon Valley Bank’s troubles could be the first sign of a new financial crisis. Here’s what Burry, Ackman and...

Newsbreak 3 months ago in Around The World, Banking, Banking stocks, Bill Ackman, Financial Crisis, Markets, MI Exclusive, Michael Burry, Mohamed El-Erian, Quotes, Ryan Cohen, Scott Melker, Silicon Valley Bank, SVB Financial Group 0

Silicon Valley Bank. Rafael Henrique/SOPA Images/LightRocket via Getty Images Cratering Silicon Valley Bank’s troubles could be the first sign of a new financial crisis. Debate is surrounding the US banking system amid contagion fears from the fallout.  Here’s what Bill Ackman, Michael Burry, Mohamed El-Erian and other top voices had to say. SVB Financial’s stock crashed 60% on Thursday, sending shockwaves through the stocks of…