Whose bank falls next?

Silicon Valley Bank (SVB) fell because it hoarded uninsured deposits. A large proportion of these deposits were invested into “hold-to-maturity” securities– long term bonds… ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ BONUS CONTENT | April 5, 2023  |  [Sign Up]( Dear , The banking crisis is far from over. Don’t let the talking heads on television tell you otherwise. It’s a story developing in real time. The big question we should be asking is: Who’s next? Which banks are most at risk of failing? And [is your money exposed]( Silicon Valley Bank (SVB) fell because it hoarded uninsured deposits. A large proportion of these deposits were invested into “hold-to-maturity” securities– long term bonds… There was no risk officer on staff to monitor and interpret the effects of rapidly rising interest rates on these holdings. SVB is not the only one caught in this bind spun by aggressive Fed monetary policy. Countrywide, US banks hold over $620 billion worth of unmatured bonds on their books. This took SVB down in two days. Then we had what we’re now calling The Banking Crisis of 2023. Signature Bank failed a week later. Western Alliance Bank has seen a 115% change in deposits with 57.7% of deposits uninsured. Goldman Sachs saw a 95% increase in deposits at the end of 2022 with 47.7% of them being uninsured. Morgan Stanley … 97% increase and 29.8% uninsured … JPMorgan Chase saw just a 31% increase in deposits, but they’re sitting on more than $2 trillion in assets of which 52.5% of deposits are uninsured. The list goes on… unfortunately. The real point here is: a whole generation of entrepreneurs and bankers grew up in an environment where it looked like near-zero interest rates would last forever. Even the banks– who ought to know better– were betting on a longer period of low interest rates than what the Fed planned when they started fighting inflation. What’s left: A risk-tolerant environment like nothing anyone’s ever seen. Imagine a run at any of these banks as depositors realize there are higher rates available in money market mutual funds. The results could be catastrophic. Especially if you’re a client at one of these banks. I’ll list out [my predictions for which banks I think are most at risk of failure]( during a live presentation as part of the free Wealth365 Investor Summit. I’ll be speaking at Monday, April 17th at 3pm EST. [Just click here to register for free.]( So it goes, Addison P.S. The Wealth365 Investor Summit has dozens of top investors and traders grappling with the changing investment landscape today and sharing their best strategies for you. [Register for free]( and you’ll have access to all of the speakers, insights and strategies. . The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to The Wiggin Sessions delivering daily email issues and advertisements. To end your The Daily Missive from The Wiggin Sessions e-mail subscription and associated external offers sent from The Daily Missive from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at feedback@wigginsessions.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2023 The Wiggin Sessions 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Sent to: {EMAIL} [Unsubscribe]( Consillience, LLC, Saint Paul Street, 808, Baltimore, Maryland 21202, United States