With $209b in assets, Silicon Valley Bank was 2nd largest bank failure in U.S. history

Silicon Valley Bank failure was second largest in US history with $209b in assets at the time of failure March 10, 2023 - The Basis Point

This post originally appeared on The Basis Point: With $209b in assets, Silicon Valley Bank was 2nd largest bank failure in U.S. history

The above stat and headline speaks for itself, via Charlie Bilello.

Here’s the FDIC’s failed bank list.

And here’s an FDIC list of total banks, branches, assets, and deposits in America right now.

Total banks, branches, assets, and deposits as of March 10, 2023 - The Basis Point

DO YOU LIKE MONEY? GET MORE AT THE BASIS POINT^®

Will there be a First Republic Bank run? Here are risk factors and strengths.

VC Ryan Falvey blames VCs for 2nd biggest-ever bank failure happening in just 48 hours

Read crypto-friendly bank Silvergate 10k warning losses & reg crackdown may make it unviable