One bad apple doesn't spoil the bunch

On March 10th 2023, Silicon Valley Bank (‘SVB’) was taken over by the FDIC, following a wave of deposit outflows. Markets looked at the event as a potentially systemic risk for the US and global banking sector.This has left investors with compelling questions: are there implications in the medium and long term? Is there a risk of contagion?​​​​​​​Listen to Davide Serra, Founder and CEO of Algebris Investments, on these latest developments.