“Regional banks” meaning Silicon Valley and Wall St. banks because those are the 2 industries they stole from Americans and now occupy.
Silicon Valley workers are 75% foreign which means most of SVB’s depositors are foreign.
Not to mention all the big India Inc labor trafficking crime shops like TCS in the area which shove all their ill-gotten gains by the billions into the local banks from their criminal labor arbitrage business.
As soon as the mass layoffs happened, both the fraud H-1B workers, and the India Inc trafficking crime shops got nervous and pulled all their money out of SVB and “regional” banks to send it back to India and China.
Now you know the real cause of the bank collapse.
Not to mention the billions in remittances H-1B foreign workers send out of the US annually.
No wonder the Fed has to keep printing billions to shore up the banks constantly – Asia is using our banking system for mass money laundering!
And no one ever gets prosecuted.