It is too soon to tell if deals to rescue collapsing Silicon Valley Bank and Credit Suisse will restore confidence, according to one chief investment officer
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FILE PHOTO: Pedestrians and a cyclist pass by the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo
US banking clients are moving deposits from small to medium-sized banks to larger institutions, potentially impacting profitability of smaller banks. Watch the Zawya video here.
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