SVB's case is case of bad business management of a specific business rather than bad financial health of the US banking system as was the case in 2008. The regulators have made sure of that in the last 15 years. The larger more diversified banks do not have a problem.
Yes it's always good news stories for media to cling onto but any one who cares to think through the facts objectively can see this type of issue is about confidence in the banking system which, when everyone realises there's no connection between SVB and the general state of the banking industry in the US, we will move onto something else to talk about and there is no confidence issue.
CBA Price at posting:
$95.51 Sentiment: Buy Disclosure: Held
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