May 25 , 2023

6 financial institutions that can collapse like Silicon Valley Bank in USA

By True Scoop

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