How the Fed ’s rate hikes spelled trouble for banks like SVB

You know, at the root of all this banking turmoil — the runs on banks, the collapse, the potential reworking of how bank insurance works, the political fighting — is one seemingly simple economic phenomenon: When interest rates go up, bond values go down. That’s what’s got a bunch of these banks…#federalreserve #ericwinograd #alliancebernstein #stevelaipply #blackrock #marvinloh

Source: Reuters: Health - March 21, 2023 Category: Consumer Health News Source Type: news