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I'm not completely convinced by that. Do you have any source information to back it up? I would love to have more to read. I went through the Top 20 US banks b
by SeanAnderson 3y ago
I'm not completely convinced by that. Do you have any source information to back it up? I would love to have more to read.
I went through the Top 20 US banks by AUM this morning and none are down except for First Republic. This contrasts what occurred in March where the entire sector was panicked.
From my POV, if there is contagion outside of startup tech banks then investors aren't signaling that FRB is a canary in the coal mine for them. I don't have any deeper or private knowledge of the financial sector, though.