"Reflections on the Banking Industry One Year After Silicon Valley Bank's Collapse"
Originally Published 1 year ago — by ForexLive
A year ago, JPMorgan analyst Steven Alexopoulos made a research blunder by lowering his target for Silicon Valley Bank (SIVB) shares to $177 from $270, deeming it a prudent strategy despite the bank's liquidity issues. However, the bank's stock plummeted, and the FDIC intervened, leaving shareholders with nothing. Despite the blunder, Alexopoulos continues to work as an equity analyst at JPMorgan. The incident highlights ongoing concerns about the US banking sector's held-to-maturity bonds and the need for transparency in financial markets.