The collapse of Silicon Valley Bank and Signature Bank has sent ripples through the financial market across the world
Rating agency Moody’s Investors Service has placed six other banks on review for downgrade
1. First Republic Bank
2. Western Alliance Bancorp
3. Intrust Financial Corp
4. UMB Financial Corp
5. Zions Bancorp
6. Comerica Inc
The credit rating agency said it is concerned over these lenders’ reliance on uninsured deposit funding and unrealised losses in their asset portfolios