Financial contagion fears triggered by the collapse of Silicon Valley Bank spread on Monday as shares across the sector plunged.Such was the panic that as the value of their stock fell by up to 80 percent.SVB's demise amid a run on the bank - which meant it couldn't cover customer withdrawals - raised fears other small and mid-sized institutions could be at risk. President and Treasury Secretary were forced into the highly unusual step of issuing statements saying the banking industry is safe.
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