![]() ![]() ![]() While the specific circumstances of SVB’s collapse may be unique, the factors contributing to its failure are not. Silvergate voluntarily liquidated itself, while bank regulators forcibly closed Signature Bank. Depositors with uninsured amounts above the Federal Deposit Insurance Corporation’s (FDIC) insured amount of $250,000 at both banks withdrew large sums, forcing the banks to sell assets that had lost significant value. banking crisis is “not yet over, and even when it is behind us, there will be repercussions from it for years to come.” With Congress’s ongoing excessive spending and the Federal Reserve’s continued monetary mischief, Dimon’s prediction seems pretty safe.įollowing the collapse of Silicon Valley Bank (SVB), Signature Bank and Silvergate shut down shortly thereafter. Morgan CEO Jamie Dimon is making international headlines with his recent claim that the current U.S. ![]()
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