TSX:BNS - Post Discussion
Post by
Indicator on Mar 11, 2023 12:40pm
RE bank confined to the Bay Area is relevant how?
Fractional Banking is all about the confidence !
2008 financial crisis fresh in most traders minds. I hear names like SHOP, ROKU and more being thrown around.
Financial Post article states CDN banks have exposure.
First Technical support here is $60 to $63
- SVB had almost 90% of its deposits uninsured by the FDIC.
- Bank of America has about 32% of its deposits uninsured via this US government backstop.
- This made SVB especially vulnerable to a bank run. And the cleanup could be messier than usual.
https://www.businessinsider.com/silicon-valley-bank-svb-particularly-scary-bank-failure-why-2023-3?op=1
Good luck!
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