Silicon Valley Bank and Signature Bank have resumed trading shares on the US stock market, following their collapse earlier this month.
Tuesday recorded the share price of Silicon Valley Bank to be 40 cents – a substantial drop from the third of March when it was $284.4.
Simultaneously, the share price of Signature Bank was recorded at 30 cents – significantly less than its March price of $113.70. “In other words, if you’re a shareholder in either of those banks you took a significant haircut, I think is what it’s called,” Sky News Business Editor Ross Greenwood said.
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