MarketMove

<ul>
 <li>Recent research discovered that more than 10 banks are at risk of contracting margins.</li>
 <li>The list included the banks such as Customers Bancorp Inc., Sandy Spring Bancorp Inc., and more.</li>
 <li>The platform also included the details of the banks that benefited from the interest hikes.</li>
</ul>
The recent research findings disclosed that almost 10 banks including Customers Bancorp Inc., and Sandy Spring Bancorp Inc., are at risk, “showing contracting margins”, after the debacle of the commercial banking giant, the Silicon Valley Bank (SVB).
Previously, on March 10, the SVB Financial Group was closed by the California Department of Financial Protection and Innovation (DFPI) based on some unrevealed reasons. The department appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver, immediately after which the latter transferred the insured deposits of SVB to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
Significantly, the sudden collapse of the SVB Group sank the whole market, immersing investors and banks in fear and alarm. For instance, Maxine Waters, the Democrat on the House Financial Services Committee commented that she is “alarmed” by SVB’s fall that “marks the second largest bank failure in US history”.
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Banks are at Risk, with Contracting Margins; Analyst Releases List

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