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Stock Market Miracle Collapses on Systemic Angst Spurred by SVB
(Bloomberg) -- It’s one thing when crypto gets flattened by a fired-up Federal Reserve, or moonshot online stocks fall back to earth as rates soar. But when central bank policy starts biting into banks, investors know they have bigger problems on their hands.Most Read from BloombergUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeStartup Bank Had a Startup Bank RunSVB’s 44-Hour Collapse Was Rooted in Treasury Bets During PandemicFD