Hi all,
I have been reading up a lot about these three banks and trying to understand what's going on as much as I can. But unfortunately, I'm not exactly versed in lending process (from the bank's perspective).
- Can someone in explain how/why these banks failed in simplest terms?
- Is this similar or exactly the same to the one in 2008?
- Do we anticipate more potential banks to follow suit in the upcoming months?
As a retail investor (and a noob at that), I'd like to know how this effects stocks in general as I noticed my portfolio is getting bodied today.
Thanks,
[link] [comments] https://www.reddit.com/r/stocks/comments/135toee/svb_sb_frb_crash_in_simple_terms/
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