Banking Turmoil: A Reaction to SVB’s Downfall
The fallout from the failure of Silicon Valley Bank (SVB) had significant repercussions across the American banking sector, as highlighted in a recent analysis by the New York Federal Reserve. On March 10th and 13th, 2023, more than twenty U.S. banks experienced substantial withdrawals, with some institutions suffering asset losses of nearly 10% within just … Read more