Quote:
Originally Posted by Keefelane66
“ Forbes — which has celebrated a host of public figures such as Elizabeth Holmes of Theranos, Adam Neumann of WeWork and Sam Bankman-Fried of FTX before they suffered public downfalls — named SVB to its America’s Best Banks list in mid-February.”
Whether it be IBD, WSJ articles or Forbes are they actual investment articles or advertisements.
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There are only 8 G-SIB banks (globally systemically significant banks) in the USA. Possibly 30 total worldwide.These 8 US banks are the giants of the industry and outlooked to potentially have a significant impact on world economies if failure occurs. This category is further subdivided into tiers and based upon deposit size and assets are required to keep more capital on hand than the industry mandated standards.
There is also a D-SIB category (domestically systemically significant banks). There are approx 20 banks in this category.
As for Forbes selling magazine articles on Monday morning SVB is not on either of these lists.
Google this subject and you might consider how safe you feel about your bank.