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Monday, July 15, 2024

Another domino falls in banking crisis

Another domino falls in banking crisis

By Elmaz Sabovic, Finbold

Following the significant losses experienced by New York Community Bank (NYSE: NYCB) stock last week, which resulted in a substantial decrease in its value, it appears that another bank could be facing a similar situation.

Specifically, Softbank Group (OTCMKTS: SFTBY) stock saw a decline of -28.35% in after-market trading, dropping from $30.79 at close to $22.06 in after-hours trading.

More here >

This post was originally published on this site

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