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Hedge funds eye ‘cheap’ deals in regional bank stocks after Silicon Valley Bank collapse
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Hedge funds are trying to turn the Silicon Valley Bank saga into a buying opportunity by piling into battered smaller bank stocks.
Silicon Valley Bank triggered a wider rout that evaporated billions off the market capitalisation of regional lenders. Amongst the hardest-hit were First Republic Bank, Western Alliance, Independent Bank, and PacWest.
First...
Read more on fnlondon.comAbout this in other media
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