Banks are failing around the world. Could it happen here?
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The Federal Reserve's Concerns About Silicon Valley Bank
There were warnings about Silicon Valley Bank's exposure to risk and questions, problems, fears about its risk management that were expressed by the Federal Reserve itself a couple of years ago. The bank is kind of unusual in that it has a pretty undiversified customer base. They're principally very, very wealthy people with something to do with California's tech industry. With such a vast customer base that has so much uninsured money, there's the exposure or the vulnerability to a bank run.
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