Goldman Sachs identified the biggest winners and losers in the industry in the aftermath of the Silicon Valley Bank collapse.
The banking crisis continues to keep investors on edge about the health of regional banks. Now Goldman Sachs has identified what it said are the biggest winners and losers in the industry in the aftermath of the Silicon Valley Bank collapse. The Wall Street investment bank said the biggest short-term risk for regional banks could come from shifting market shares of deposits as corporates look to diversify.
Miami Lakes, Florida-based BankUnited has 76% of its total deposits in commercial deposits, part of which could leave or diversify away to other banks, and only 30% of total deposits are FDIC-insured, Goldman said. As for Cleveland-based KeyCorp, Goldman said the bank has one of the biggest capital deficits versus their targets, indicating that buybacks will most likely be removed. Shares of BankUnited and KeyCorp have both lost more than 30% this month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs says generative A.I. could impact 300 million jobs — here's which onesArtificial intelligence could automate up to a quarter of work in the U.S., a Goldman Sachs report says. Here's the most affected sectors and countries.
Read more »
Goldman Sachs scraps plan to buy private jet equipped with a shower: sourceThe firm declined to exercise an option to upgrade either its Gulfstream G280 or its G650ER, Insider reported.
Read more »
Generative AI could affect 300 million full-time jobs, Goldman SachsAI systems like ChatGPT could impact 300 million full-time jobs worldwide, with administrative and legal roles some of the most at risk, Goldman Sachs report says
Read more »
Goldman Sachs names Michael Marsh as EMEA financing group head - memoGoldman Sachs Group Inc is shaking up the leadership ranks at its global financing group after the Wall Street bank merged its investment banking and trading business into a single unit.
Read more »
Pound Sterling: Bullish bias building up in six months – Goldman SachsAnalysts at Goldman Sachs have changed their call on the Pound Sterling from bearish to bullish, now targeting EUR/GBP at 0.8800 and GBP/USD at 1.1900
Read more »
Goldman Sachs says this energy stock is undervalued and poised for strong gainsGoldman Sachs is bullish on Marathon Petroleum, saying that as prices in the oil industry become more volatile, the company will continue to outperform.
Read more »