Signage for high-tech commercial bank Silicon Valley Bank, on Sand Hill Road in the Silicon Valley town of Menlo Park, California, August 25, 2016. Smith Collection | Gado | Archive Photos | Getty Images |
Investor anxiety over tech-focused Silicon Valley Bank spurred a sell-off across the financial sector as investors grew increasingly concerned that higher interest rates would result in banks facing losses on loans due to borrower defaults. But SIVB wasn't the only bank short sellers had their eye on. Short sellers have been targeting several other banks too, data shows. |
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