Three major risks that have the banking industry on edge (CNN)
It’s been one month since Silicon Valley Bank collapsed, triggering alarms throughout the halls of global finance. The initial panic has settled into a more tolerable state of tension. We can all take a deep breath, knowing our money is safe and that banks have the tools they need, courtesy of the federal government, to weather the storm. “We’re going from flashing red lights to flashing yellow lights,” Wells Fargo’s senior bank analyst Mike Mayo told me recently. “I think it’s time for hyper awareness and vigilance to anything else” that might further undermine confidence. Regulators and investors are certainly on high alert. And they don’t have to look too far to find things to worry about. Click here to read full article
You must log in to post a comment.