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More Problems Loom for Banking Industry: The Recent Failures of SVB and Signature Bank are Just the Beginning


Steve Forbes explains why more trouble is coming following the collapse of SVB and Signature Bank, and who's actually at fault for the bad times now roiling the banking sector. Read the full story on Forbes: Subscribe to FORBES: Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: Stay Connected Forbes newsletters: Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success....(read more)


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The collapse of Silicon Valley Bank (SVB) and Signature Bank may just be the beginning of bad news for the banking industry. Both banks had significant exposure to the technology and cryptocurrency sectors, which are experiencing significant volatility and uncertainty. SVB, in particular, was heavily invested in the booming startup industry, which has been hit hard by the economic downturn caused by the COVID-19 pandemic. With fewer venture capitalists willing to invest in startups, many of SVB's loan portfolios are now facing significant default risks. Signature Bank, on the other hand, was heavily invested in the cryptocurrency industry, which has experienced a significant market correction in recent months. The bank's holdings of bitcoin and other cryptocurrencies could result in significant losses, as the market continues to fluctuate wildly. These collapses could spell more trouble for the banking industry, as there are indications that other banks may be overexposed to the technology and cryptocurrency sectors. If these sectors continue to experience significant volatility, more banks could face significant losses and potentially collapse. Beyond the immediate impact on the banking industry, these collapses could also have wider economic implications. The technology and cryptocurrency sectors are integral to the broader economy, and if they continue to struggle, it could impact economic growth. Investors and regulators will be watching closely to see how other banks are impacted by these collapses, and whether they will take steps to mitigate their exposure to these high-risk sectors. As the economic fallout from the pandemic continues to unfold, it remains to be seen what other bad news may be in store for the banking industry. https://inflationprotection.org/more-problems-loom-for-banking-industry-the-recent-failures-of-svb-and-signature-bank-are-just-the-beginning/?feed_id=84190&_unique_id=642b0240f091d #Inflation #Retirement #GoldIRA #Wealth #Investing #business #Entrepreneurship #Finance #forbes #ForbesDigital #ForbesMagazine #ForbesMedia #investing #personalfinance #Technology #BankFailures #business #Entrepreneurship #Finance #forbes #ForbesDigital #ForbesMagazine #ForbesMedia #investing #personalfinance #Technology
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