The collapse of the “Silicon Valley Bank” led to widespread panic in the global market, with investors and traders scrambling to sell off their assets. While the US government has already taken several measures to stabilize the banking system. The New York-based bank also financed many firms in the UK, to protect these companies UK Banking giant HSBC has acquired the British arm of SVB with the support of the Bank of England.
What are the odds that a similar situation exists at other smaller, regional banks, that SVB’s poor portfolio mismanagement is more common than we think?
That’s got to be a worry in the US.
Omg lol your literal post was the topic I just posted 