Along with virtually every investor around the globe, we are closely following the turmoil in the banking sector. Last week, San Francisco based Silicon Valley Bank (SVB) and New York based Signature Bank (SBNY) dominated headlines with reports that they had failed. The news ignited a swift “run on the banks” reminiscent of a scene from Frank Capra’s epic film “It’s a Wonderful Life”. With confidence shaken and uncertainty plentiful, panicked clients and investors made a rush for the exits.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
