largest bank failures in U.S. history, which pushed investor confidence down.
The 10 largest U.S. banks lost 275 billion U.S. dollars in total market capitalization between March 1 and March 17, 2023. This significant drop was caused by the collapse of Silicon Valley Bank and Signature Bank, the second and third Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars)
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Forbes. (March 20, 2023). Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved April 26, 2024, from https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. "Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars)." Chart. March 20, 2023. Statista. Accessed April 26, 2024. https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. (2023). Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: April 26, 2024. https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes. "Market Capitalization of The 10 Largest Banks in The United States between 1st and 17th of March 2023 (in Trillion U.S. Dollars)." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/
Forbes, Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/ (last visited April 26, 2024)
Market capitalization of the 10 largest banks in the United States between 1st and 17th of March 2023 (in trillion U.S. dollars) [Graph], Forbes, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1375141/market-cap-loss-of-ten-largest-us-banks/