Banks 'aren't out of the woods' after the collapse of SVB and Signature | CNN Business

A month ago, code blue sirens went off at banks across the globe after the collapse of Silicon Valley Bank and Signature Bank. As banks work to put that painful episode in the rear view mirror, it’s unclear if the situation has stabilized or if it’s the calm before another storm. More details will come on Friday, when the Federal Reserve is set to release the findings of its investigation into what led to SVB’s collapse.

Even though many banks are also heavily invested in bonds, SVB was “in many respects very much an outlier,” said Christopher Wolfe, head of North American banks at Fitch Ratings. Its customer base wasn’t diversified enough, a majority of their deposits were uninsured and the bank was overly invested in long-term Treasuries. Taken together, it left the bank more vulnerable to rate hikes than many of its competitors, said Wolfe.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Shock wave from bank failures is hitting software stocks nowThe failures of Silicon Valley Bank and Signature Bank shook the banking sector last month, and now the reverberations are rippling through software stocks.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »