European bank stocks sink as Silicon Valley Bank contagion spreads
A view of the Canary Wharf financial district of London.
Prisma by Dukas | Universal Images Group | Getty Images
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%.
It followed an announcement by the tech-focused lender of a capital raise to help offset bond sale losses.
This is a breaking news story and will be updated shortly.
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