Bank sell-off took place globally after the SVB crash. HSBC, BNP Paribas, UBS Tumble.

The sell-off in the banking sector spread globally on Friday after

SVB Financial Group

say it is forcible removal of property loss after deposit reduction.

HSBC

(ticker: HSBA.UK), Europe’s largest bank, fell 5.2% in London trading. of France

BNP Paribas

(BNP.France) down 4.5% and that of Switzerland

UBS

(UBSG.Switzerland) down 4.6%.

Credit Suisse

(CSGN.Switzerland) hit a record low, down 4.2%.