Shares in US regional banks pummelled this week amid fears of more collapses in sector
The crisis engulfing regional US banks risks becoming a “self-fulfilling prophecy” as investors take flight from lenders seen as increasingly risky bets, triggering even deeper losses, analysts have warned.
and the health of US regional banks gripped markets. Gold prices rose as investors sought safe haven assets., threatens to deepen as hedge funds bet that shares will fall further. “This creates a self-fulfilling prophecy that pressures stock prices, which then leads to more questions.”such as GameStop and AMC Entertainment in a deliberate offensive to burn professional short sellers who were betting against the unloved stocks.
“It can be a self-fulfilling prophecy. Shares go down, people pull their money out and the hedge funds pile in.”this week, has triggered a sell-off in regional US banking stocks, as lenders struggle to cope with the sharp rise in interest rates enacted by central banks in an attempt to tame inflation.
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