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Traders garner $14.3B paper profit in March from shorting global bank stocks

Apr. 01, 2023 2:41 PM ETFITB, SNV, IAT, KRE, ZION, RF, KEY, SIVBQ, FHN, EWBC, FRCB, SBNY, WBS, WAL, FCNCA, CFG, SICPBy: Max Gottlich, SA News Editor16 Comments

Silicon Valley Bank Shut Down By Regulators

Justin Sullivan

Short sellers gained $14.3B in unrealized profit from betting against stocks within the global banking sector in March, a tumultuous month marked by three regional bank failures that sparked contagion fears, according to a recent report from analytics firm S3

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