After SVB collapse, uninsured bank deposits are still a problem

Silicon Valley Bank was done in by mass depositor flight — i.e., a bank run — as its clients tried to withdraw tens of billions of dollars in a single day, bringing down the whole bank. While no other bank appears to be in as severe stress as the doomed SVB, the deposit problem has not ended for…#siliconvalleybank #svb #republicans #signaturebank #goldmansachs #richardramsden #firstrepublic #morningstar #ericcompton #firstrepublics

Source: Reuters: Health - March 17, 2023 Category: Consumer Health News Source Type: news