Helios Chief Investment Officer Joe Mallen digs into the collapse of Silicon Valley Bank (SVB) and its repercussions on the banking industry at-large. Mallen shared that, “If other banks continue to fall, the probability of a recession increases significantly.”
Speaking with Julius Buchannan of Wealth Solutions Report, Mallen pointed out the concern that the failure was largely unexpected, and potentially calls into question the stability of the entire banking system.
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