© 2024 KUAF
NPR Affiliate since 1985
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Love KUAF? Please help keep your public radio station thriving during our Fall Fundraiser! Click here for more information.

Silicon Valley Bank shares plummet for 2nd day as pressure grows on banking sector

Shares of SVB Financial Group, known as Silicon Valley Bank, have dropped by more than 60% for the second day in a row. The two days of tumbling value are causing concern for the entire banking sector with experts worried that more banks might incur similar heavy losses on their bond portfolios.

Bloomberg’s senior markets editor Mike Regan joins host Deepa Fernandes with the latest.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.