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$100BN Wiped Off US Banking Market In Single Day As Former White House Adviser Calls It ‘Tip Of The Iceberg’
A former White House adviser described it as the “tip of the iceberg” as the US banking industry lost $100BN in a single day. The Big Four were affected by the SVB collapse contagion, and regional banks fell by up to 60% during the bloodbath on Wall Street.