Will Silicon Valley pose Systemic Risk To Banking Sector | Joseph Wang
The Silicon Valley Bank is a significant bank with $210 billion in assets. It is a rare occurrence for such a large bank to fail, as the recently failed banks were typically small. However, in the banking sector, $210 billion is not considered exceptionally large, but rather of medium size. For comparison, JP Morgan, the largest bank in the US, has assets worth $3.5 trillion, which makes the Silicon Valley Bank less than 10% of JP Morgan's size.
Watch the full video from SPECIAL REPORT: Silicon Valley Bank - How Worried Should We Be? | Joseph Wang, Former Fed Insider.
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