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Why? Everyone from SVB is going to be fine, they can withdraw their funds. It is not a good situation if the US ends up with 3-4 banks, this is why the guarante
by andy_ppp 4y ago
Why? Everyone from SVB is going to be fine, they can withdraw their funds. It is not a good situation if the US ends up with 3-4 banks, this is why the guarantee is there from government.
- slt2021 4y agoI agree that it is bad if only 4 banks are left, but companies dont want to risk with their cash if something goes wrong with their bank. There is zero downside in changing bank from small -> big4, only upside