Cathie Wood Says Mainstream Got One SVB Assumption Wrong

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The Street

By Jeffrey Quiggle An initial reaction turns out to be false. Trouble began for the U.S. banking system on March 8 when cryptocurrency-focused bank Silvergate Capital announced it would cease operations. When chaos erupted at Silicon Valley Bank (SVB) the next day, its stock dropped 60 percent and talk of a bailout began. DON’T MISS: Cathie Wood Calls One Reaction to SVB Collapse ‘Disturbing’ On March 10, a run on SVB’s deposits caused the bank to fail. Regulators took it over. Investors scrambled to figure out market implications of these events as they also caught up to First Republic (FRC) …

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