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Friday, April 26, 2024

‘We do not believe there is a liquidity crunch facing the banking industry’ : Morgan Stanley analyst

Bank stocks on both sides of the border got bludgeoned Thursday on fears that developments at SVB Financial Group would lead to a broad liquidity crunch. Morgan Stanley analyst Manan Gosalia does not, however, see reasons for panic, “The funding pressures facing SIVB are highly idiosyncratic and …

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