There is absolutely no question about the future of the bank. However, it is a good important lesson for all the financial institutions and the bank has certainly suffered. It suffered a huge market cap loss also. But then, of course, there is a big lesson for the institutions as well.
US stocks: US market ends lower as tech stocks weigh on sentiment
Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the