Is There Any Evidence That There Could Be a Run on Another Bank?

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There has been lots of signs of investors pulling money out of banks like First Republic. More than 90% of Silicon Valley Bank customers were had deposits that weren't insured by the US government. But only around two thirds of their deposits are uninsured, which I should say is still pretty high as far as these things go.

The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each other for their role in the bank run on SVB that precipitated its demise.

Mentioned in this podcast:

California bank failure shakes global financial stocks

US and European bank stocks tumble as investors fret over SVB fallout

First Republic and other US regional banks tumble over fears of deposit flight

Recriminations fly as venture capitalists contemplate Silicon Valley Bank’s collapse

Biden audio credit: C-Span

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