Silicon Valley Bank's failure and regulators' response could ultimately boost Americans' confidence in the financial system, according to Tut Fuller, the founder and chief executive of Capra Bank, a community bank in Iowa., and the Federal Reserve, Treasury, and FDIC issued a joint statement Sunday reassuring depositors that they would be made whole, and that taxpayers wouldn't bear the cost of the clean up.
With SVB and Signature Bank marking the first and second major bank failures since 2008, the Iowa executive said the next handful of are"somewhat obvious." Beyond those, he noted that roughly 20 regional banks are likely to feel some pain, but will emerge without failing. "Those with significant deposit outflows over the past few quarters and thus can't organically grow or hold deposits, and those that are more concentrated in their Top 100 depositors probably top that list," Fuller said.
Plus, the intervention from regulators this weekend is a step toward prioritizing everyday bank customers who had assumed their money would be safe.
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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge Biden’s America. Are we having fun yet? bank crooks with silicon valley tech libs. boo hoo The money in SVB most are richest's and oversea dirty money from CCP families. Let it fail.
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Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government? charlesforelle According to your opinion piece it is because 12 white men weren’t running it. charlesforelle The Biden government's struggle? Had Dante lived, government would have been the stuff of the Divine Comedy. charlesforelle MeGain has a false ego. She thinks people want to hear her or see her. No one wants her around. She is fake and everything out of her mouth is a lie
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