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The Bank Crisis Is "Overblown" | Joseph Wang
Forward Guidance
First Republic Bank Down 65%
This is largely a banking crisis for banks that people have never heard of, medium banks, smaller banks. They're not really enmeshed with the global financial system. So even if you have a whole lot of small banks disappear, it doesn't really have systemic importance. The top five banks in the US account for about half of all the banking sector assets.
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