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jboldeniv started a topic Trading temporarily HALTED in dozens of banks after shares fell by up to 75% when market opened at 9.30am - moments after Biden said 'US banking is safe' - as contagion spreads to heavyweights Wells Fargo, Bank of America and JP Morgan.

in News

03-13-2023, 09:30 AM
Trading temporarily HALTED in dozens of banks after shares fell by up to 75% when market opened at 9.30am - moments after Biden said 'US banking is safe' - as contagion spreads to heavyweights Wells Fargo, Bank of America and JP Morgan.

It looks like the contagion has spread to J.P. Morgan and Bank Of America. It seems like everything is collapsing lately.

Bank shares down 74% in pre-market trading despite Biden's backing

https://www.dailymail.co.uk

Trading was temporarily halted in dozens of regional banks this morning as shares fell by up to 75 percent when the market opened after Joe Biden claimed 'US banking is safe.'

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