If banks fail, who pays ?
From the Kobeissi Letter
Uninsured Deposits by Bank:
“1. BNY Mellon, $BK: 97%
2. SVB, $SIVB: 94%
3. State Street, $STT: 91%
4. Signature, $SBNY: 90%
5. Northern Trust, $NTRS: 83%
6. Citigroup, $C: 77%
7. HSBC Holdings, $HSBA: 73%
8. First Republic…