Source: Wall Street News
Amid the 2023 banking crisis, there are currently only$SVB Financial (SIVBQ.US)$und$Signature Bank (SBNY.US)$Two companies went bankrupt (total assets of $319 billion). However, based on past history, once a storm occurs, it is difficult to stop it easily.
Between 2007 and 2014, more than 500 banks went out of business, and inflation-adjusted assets reached $960 billion.
Meanwhile, between 1980 and 1995, more than 2,900 banks went out of business, and their assets reached 2.2 trillion US dollars.
Taking history as a guide, Bank of America always “went out of business in batches,” showing a chain reaction.
Editor/Somer