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29.03 - 13:19
Hedge funds eye ‘cheap’ deals in regional bank stocks after Silicon Valley Bank collapse
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fnlondon.comHedge 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...
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