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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
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue theguardian.com /1 year ago
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