The failure of Silicon Valley Bank seems to have unraveled a range of financial difficulties within the US banking sector. That the rising interest rates made matters worse for many banks is sufficiently established by now. But the larger question is whether the banks could survive a bank run? The Silicon Valley Bank customers withdrew uninsured deposits as fears grew about its bad financial health. Latest reports suggest that this is the kind of scenario that could replicate with many other US banks. if things go south.
Breaking: 186 US Banks Face SVB Like Risk; Crypto Bull Run Ahead?
coingape.com
17 March 2023 20:44, UTC