US stock indices dropped substantially yesterday, led by the Nasdaq and prompting a general sell-off across the world. A ~2% drop in the stock market isn’t all that unusual, but this time it was caused by a massive drop in the banking sector. And when banks are in trouble, forex traders would do well to sit up and pay attention, since banks are the ones that handle all the money processing. What happened? The issue stems from some bad news out of a bank that is relatively unknown outside of the tech start-up sphere, Silicon Valley Bank, which is owned by SVB Financial (and most commonly known simply as SVB). It ... (full story)