Read on Twitter
US banks witness $126B withdrawal by March 22, with the top 25 shedding $90B in current financial unrest! 🚨
A thread 🧵:
#banks #svb #silvergate #crisis
A thread 🧵:
#banks #svb #silvergate #crisis
(1/6) Post Silicon Valley Bank & Signature seizures, smaller banks rebound by reclaiming $6B (seasonally adjusted) 💪
(2/6) Total industry deposits at lowest since July 2021, now at $17.3T 😲
(3/6) End of 2022 trends: major banks' deposits dropped 5% annually in Q4, prior to SVB failure 📉
(4/6) Light at the end of the tunnel: regulators to cover all depositors at seized banks, 11 giants offer First Republic $30B for uninsured deposits 🙌
(5/6) Banks' conundrum: raise rates & risk profitability or lose customers & face funding loss & asset sales at a loss, as Silicon Valley Bank experienced 💸
(6/6)
In this developing scenario, what are your investing moves? We’d love to know.
Also, follow @ppreciatewealth for more such content! ⚡
In this developing scenario, what are your investing moves? We’d love to know.
Also, follow @ppreciatewealth for more such content! ⚡
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