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Banking shares slump despite U.S. assurances that deposits are safe

Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) in New York City on March 10, 2023. Bank shares slumped on Monday despite U.S. regulator action to protect deposits at Silicon Valley Bank and Signature Bank. (Getty Images)
Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) in New York City on March 10, 2023. Bank shares slumped on Monday despite U.S. regulator action to protect deposits at Silicon Valley Bank and Signature Bank. (Getty Images)

This article was originally published on March 13, 2023.

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