SVB Could Not Respond To Liquidity Crisis Fast Enough

"The market is looking for a clearing event. I think we are moving past the banking crisis. Bank deposit outflows have been less intense than initially thought. New York Community Bank (NYCB) commented that they did not have outflows last week other than one relationship. Beyond that, their retail operations were normal. Now, they have an influx of $34B of new deposits from Signature and the stock is responding well. The government will continue to investigate whether liquidity was a problem," says Chris Marinac. Tom White discusses example option trades on JPMorgan Chase (JPM) and Goldman Sachs (GS).