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By Padhraic Garvey, CFA, Regional Head of Research, Americas
It’s been two weeks since Silicon Valley Bank (SIVB) went down. The question now is where are we? And more important, where are we going to?
When Lehman Brothers
U.S. Banks: The Good And The Bad
Summary
- Emergency Fed support for banks is at Great Financial Crisis proportions on some measures.
- Deposit flight from smaller banks remains a worry to boot. It should not be, but is.
- That said, there is wider evidence pointing to no material rise in angst at a regional level in the past week.
- It's early days, and things can still turn sour. But a silver lining it is.
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