Global #Silicon valley bank

US bank stocks are soaring, hitting their highest levels since the collapse of Silicon Valley Bank (SVB) in 2023. The recent strong quarterly earnings reports from JPMorgan Chase and Wells Fargo have bolstered investor confidence in the broader economy.

Increasing interest rates, which reduced the asset market value of the US banking system by $2 trillion, along with a sizable portion of uninsured deposits at some US banks, pose a threat to the stability of the banking system.