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Bank stocks tank after SVB Financial repositioning rattles investors

Mar. 09, 2023 4:17 PM ETSVB Financial Group (SIVBQ), BKX, SICP, BK, STT, C, WFC, JPM, BAC, SBNY, FRCB, FRBy: Liz Kiesche, SA News Editor123 Comments

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Banks stocks slid on Thursday after one venture capital-linked bank unexpectedly took dramatic action to bolster its liquidity and a crypto-related bank decided to liquidate.

The finance sector was the biggest decliner among S&P 500 industry group, dropping 4.1%. And

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