to a Reuters report citing unnamed sources, officials in the Joe Biden administration assessed the impact of the bank failure over the weekend with a keen attention to venture capital firms and regional banks.During a speech on March 6, the Federal Deposit Insurance Corporation chairman Martin Gruenbergabout the risks related to raising interest rates in the United States.
According to Gruenberg, the"good news" about the billions of unrealized losses is that"banks are generally in a strong financial condition."
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'The total of these unrealized losses, including securities that are available for sale or held to maturity, was about $620 billion at year end 2022. Unrealized losses on securities have meaningfully reduced the reported equity capital of the banking industry.'
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SVB Collapse: Silicon Valley Bank is biggest US bank failure since 2008 crisisSilicon Valley Bank is the biggest US bank failure since Washington Mutual during the 2008 financial crisis I thought they said it was the second biggest bank failure in history (not surprising, with inflation). You mean 'looting'
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