What's the next Silicon Valley Bank — and how can the US prevent more chaos? | CNN Business

What's the next Silicon Valley Bank — and how can the US prevent more chaos? | CNN Business

...As the Fed hiked rates at a historic pace and the value of banks’ bonds started to crumble, the gap between what banks paid for bonds and what they became worth widened dramatically: Banks were sitting on $620 billion unrealized losses at the end of last year, according to the FDIC, and some small banks may get sucked into the ravine without help.