The recent collapse of SVB Financial Group's Silicon Valley Bank and Signature Bank has triggered fears about contagion in the banking system and a potential financial crisis in the coming months. Historically, every stock market correction has been followed by a bull rally. Here's why shares of these companies are well poised to grow rapidly in the next bull rally. Read More...
The Wall Street Journal
Charles Schwab Says It Could Ride Out a Deposit Flight
Charles Schwab , one of a host of financial firms that have taken a drubbing since the collapse of several regional banks this month, is pushing back against fears that it could face some of the same problems as paper losses on its bondholdings mount. In an interview with The Wall Street Journal, Schwab’s chief executive said the brokerage giant could continue to operate even if it lost most of its deposits over the next year. “There would be a sufficient amount of liquidity right there to cover if 100% of our bank’s deposits ran off,” said Walt Bettinger, Schwab’s co-chairman and CEO, referring to the company’s banking unit.
