Broker Check

What happened with SVB

March 13, 2023

Investors are understandably focused on the risk of contagion among US banks following the FDIC decision to put Silicon Valley Bank (ticker: SIVB) into receivership on 3/10 , marking the second-largest commercial bank failure in US history. In this Note the Investment Strategy Group at Goldman Sachs addresses frequently asked questions regarding the developments last week, what policymakers announced over the weekend, the health of the US banking sector, and key considerations. LINK