SVB is not alone and these two banks may not be the only ones!
"The drama in the US banking system continues. Yesterday [3/12/2023?], the authorities there took over another bank seen to be in danger of collapse. The bank in question is Signature Bank, one of the main banks in the cryptocurrency industry, which manages assets of some $110 billion.
The bank had $80 billion in uninsured deposits, and its share price plunged 23% last Thursday, its largest ever daily fall. The bank tried to reassure the market, saying that its financial position was strong and that it was well diversified ..."
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