[LISTEN] AnchorCapital’s David Gibb gives the lowdown on what he tags a ‘mini crisis’ that he doesn’t think will spread beyond the smaller banks on SAfmRadio MarketUpdate with FifiPeters. Moneyweb SVBCollapse
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suppose you would call it a regional bank because it provides funding and it takes a lot of deposits for companies in the Silicon Valley area. Typically we don’t know about all these regional banks. There are hundreds of banks in America. We only know of very large banks. But this is a bank that’s grown its deposit base very strongly over the past few years, and it’s perfectly understandable because we’ve had listings of lots of new tech companies.
Probably not, because they wouldn’t be taking these losses on the investment portfolio, on the securities they’ve invested in. So I don’t think it would be a problem. Often these bank runs happen after we’ve had a long cycle, and in this case we’ve had a long period of low interest rates – and then interest rates sort of doubled last year.
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