Futures Tumble As SVB Implosion Spark Global Banking Turmoil; Payrolls Loom

• Futures Tumble As SVB Implosion Spark Global Banking Turmoil; Payrolls Loom
  by Tyler Durden, https://www.zerohedge.com/
  US futures and European stocks pared broader declines earlier sparked by a rush to havens amid concerns about the health of the US banking system following the collapse of Silvergate and the rout that has crushed Silicon Valley Bank, sending it shares down 40% premarket after plunging 60% on Thursday amid a spreading liquidity crisis. The collapse of the lender was sufficiently traumatic to push today’s payrolls report – until yesterday the highlight of the week – off the front page.
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