financial institution
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CNBC: There are large financial institutions considering the possibility of acquiring Silicon Valley Bank
It is reported that according to CNBC, a large financial institution is considering the possibility of acquiring Silicon Valley Bank (SIVB. O). Banks in Silicon Valley fell by more than 50% before trading and rose by more than 50% before trading was suspended. Interpretation of this information: The recent report from CNBC suggests that a major financial institution is exploring the potential of acquiring Silicon Valley Bank, commonly known as SIVB.O. Following this news, the bank stocks in Silicon Valley experienced a sharp decline of over 50% in a short…