- European bank stocks tumbled 3.6%, the biggest drop since September.
- US and Asian peers were also down on concerns of wider dangers.
- SVB Financial took steps to shore up its capital position.
- Silvergate Capital Corp. plans to wind down operations and liquidate.
Banks Slump to Deal Blow to Engine of Europe’s Strong Rally
European bank stocks tumbled, tracking steep declines in US and Asian peers on concerns that signs of distress at Californian lender SVB Financial Group could be an indicator of much broader dangers.
Macarena Munoz Monti
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