[Alberta's Child]

The author’s general point about the current fundamentals of banking is correct.

[AAABEST]

See.post 6.

Also, banks are becomming VERY vulnerable in CMBS and consumer credit.

[WinstonSmith1984]

Alberta’s Child, you said “The author’s general point about the current fundamentals of banking is correct.”

The New York Times called it a “small” bank

SVB is the 16th largest bank in the country...

My recommendation... buy dirt or gold...

[GOPJ]

In particular, two banks have seen incredible share declines in the past few days. Silvergate Capital SI announced they are effectively going to wind down operations and SVB Financial, more commonly known as Silicon Valley Bank, issued new equity and sold significant assets at what the market considered distressed prices to shore up their balance sheet. In both cases, shares have unsurprisingly seen significant pressure.

Didn't Silicon Valley Bank cease to exist today? But you're right - the author’s general points have merit... but it seems things are worse than he's saying.

[GOPJ]

In particular, two banks have seen incredible share declines in the past few days. Silvergate Capital SI announced they are effectively going to wind down operations and SVB Financial, more commonly known as Silicon Valley Bank, issued new equity and sold significant assets at what the market considered distressed prices to shore up their balance sheet. In both cases, shares have unsurprisingly seen significant pressure.

Didn't Silicon Valley Bank cease to exist today? But you're right - the author’s general points have merit... but it seems things are worse than he's saying.