No. of Recommendations: 0
From Fortune this morning:
'It seems in this case the opportunity has fallen into the lap of Bank of America, which brought in more than $15 billion in deposits as SVB sunk. Sources familiar with the matter told Bloomberg the inflows came from fearful customers moving their money to an institution'the second biggest bank in the States'that is seen as simply too big to fail (and is considered to be so by the Federal Reserve). Indeed, the business's latest annual report for 2022 reveals the company brought in $27.5 billion after tax and holds $3.05 trillion in assets.'
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stocks.apple.com: Bank of America won big from the Silicon Valley Bank collapse 