And in reality also TBTF. Too Big to Fail. And hopefully none will. I've only this week heard this term but seems these 8 have significantly stronger finances than the rest
Quote:
Originally Posted by rustyp
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.
|