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bank-in60-1.jpg Mar 15

Bankers Are Buying Their Own Stocks In The Wake Of Silicon Valley Bank's Collapse

  • On Friday, 43 insiders at depository institutions bought their banks’ shares, making it the biggest cluster of insider buying in the industry since May 2020
  • Why? Experts said that it could be a signal to the market of their institutions’ strength, a sort of “don't worry, we’ve got this” message to investors.
  • Or, with most bank stocks down, it could be a case of bargain hunters looking to turn a buck.