The failure of the Silicon Valley Bank could trigger a runaway for US regional banks.

 Decisions by the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) about the future of Silicon Valley Banking could affect regional banks across the United States, costing trillions dollars are at risk of being withdrawn, the former Bridgewater executive said. Investment firm Unlimited, Bob Elliot.

 In a Twitter thread (NYSE:TWTR) on March 11, Elliot said that nearly a third of deposits in the United States are in small banks and about 50% are uninsured. “The FDIC insures the small deposits of all banks in the United States, but it only insures about $9 million of the nearly $17 million in outstanding deposits. […] Basically, the coverage rate is around 50% at most institutions, while at credit unions it's higher (not higher).”