CNN Business, April 11, 2023, Three Major Risks That Have The Banking Industry On Edge
The initial panic has settled into a more tolerable state of tension. We can all take a deep breath, knowing our money is safe and that banks have the tools they need, courtesy of the federal government, to weather the storm.
“We’re going from flashing red lights to flashing yellow lights,” Wells Fargo’s senior bank analyst Mike Mayo told me recently. “I think it’s time for hyper awareness and vigilance to anything else” that might further undermine confidence.
