Silicon Valley Bank has failed following a run on deposits, after its parent companys share price crashed a record 60% on Thursday. Trading of SVB Financial Groups SIVB, -60.41% stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was monitoring very carefully. Reaction poured in from several analysts who discussed the banks liquidity risk.
California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday.
Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities an item that played an important role in SVBs crisis.
Poster Comment:
I went to the source but had computer problems so I could not get the list of 20 problem banks.