Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
There are 186 banks across the United States that could collapse if half of their respective uninsured depositors withdraw their funds, researchers with the Social Science Research Network found. Deposits at member banks of up to $250,000 are insured by the Federal Deposit Insurance Corp., although the agency agreed to insure depositors’ funds far above that after SVB’s collapse this month.
In a joint statement, Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, BNY-Mellon, PNC Bank, State Street, Truist, and U.S. Bank said they would provide the bank with the cash. Those deposits will be uninsured.
https://www.theepochtimes....
There are 186 banks across the United States that could collapse if half of their respective uninsured depositors withdraw their funds, researchers with the Social Science Research Network found. Deposits at member banks of up to $250,000 are insured by the Federal Deposit Insurance Corp., although the agency agreed to insure depositors’ funds far above that after SVB’s collapse this month.
In a joint statement, Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, BNY-Mellon, PNC Bank, State Street, Truist, and U.S. Bank said they would provide the bank with the cash. Those deposits will be uninsured.
https://www.theepochtimes....
Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
Nearly 200 more banks could be vulnerable to the same type of risk that collapsed Silicon Valley Bank ...
https://www.theepochtimes.com/around-200-us-banks-at-risk-of-silicon-valley-bank-like-collapse-study_5134000.html?welcomeuser=1
05:31 PM - Mar 19, 2023
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