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Amid Major Bank Failures, US Bank Stocks Plummet

The failures of Silicon Valley Bank and Signature Bank rattled investors’ confidence in bank stocks. The combined market capitalization of the 10 largest US banks plunged by $76 billion as of the market close Monday. Follow us on social media: Instagram: Twitter: Facebook: LinkedIn: Link to website: / About Us Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Our online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. Our monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic with digital versions available to both regional and global audiences on our website. Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive...