The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.. At the end of 2022, banks had some $620 billion in "unrealized losses" connected to these securities, according to the FDIC.
But the turmoil does not have existential implications for the biggest banks, whose overall assets are "in excess" of the potential call of these bonds and are diversified, Leon said.
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Fri, Mar 10, 2023
2 mins read