Will SVB Collapse bring Contagion to Mid Size Banks?
Any buy the dip plays on mid-sized banks?
Hello Everyone,
I’ll be traveling to Singapore soon so I’m not sure how active I’ll be writing wise in the next week, just a heads up.
The meteoric fall of Silicon Valley Bank moved a lot of other small to mid-sized banks. If they are bought out or receive support from Congress (it is the biggest Bank failure since 2008), contagion might not be in the cards.
Still does this represent a buy the dip opportunity for related names? And who might those banks be?
The reality is Silvergate and SVB Financial could also create a USD coin and tether crisis. It could ripple through mid sized banks who aren’t as secure if the debt crisis mounts with higher interest rates. It will depend on the Fed.
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