Banks feel sting of Fed fight against inflation

The banking sector is in retreat, as it has been all week, as the effects of the Federal Reserve’s fight against inflation begins to weigh heavily on a small number of banks that cater to the tech sector. Late Thursday, SVB Financial Group, the parent of Silicon Valley Bank, lost 60% of its value…#federalreserves #svbfinancialgroup #siliconvalleybank #bankofamerica #citigroup #jpmorgan #siliconvalley #usfederalreserve #raymondjames #davidlong
Source: Reuters: Health - Category: Consumer Health News Source Type: news