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by bee_rider 1191 days ago
I think it is not a US-specific thing, I live in the US and had never heard of SVB until the recent volley of articles here.
2 comments

It was SV-specific, but now it's US-specific and beyond!
Same here but SVB was the 18th largest bank in the US.
Can you name the 16th and 17th largest banks?

Most of us can think of a few big ones, and a handful of local ones.

Most of the top 20 are household names. Many in the top 50 as well. However, a few are top ranked because they have strong regional presence in tech/finance capitals and Silicon Valley is of course one of them.
When I saw that they were insolvent, I looked up the bank rankings and saw their position. Out of the top 20, I am familiar with probably 14-15.
Test your knowledge https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U... I might have known 50% of the top 20 maximum.
I know 7 from list 1..10 and 2 from list 11..20
You think most people don’t know who American Express (17th) are?

Citizens Financial Group (16th) is also quite large but I would be shocked if someone didn’t know of Amex rather than did.

I’m not surprised to see that American Express is a large bank, but if you’d asked me to produce a list of large banks, I wouldn’t have included any credit card companies.

Of course, a credit card company having a bank attached is not very weird at all. I mean a bank sprouted out of GE that one time, which seems much less on-mission.

Most know of them, but would have absolutely no idea how large they are.

Off the top of my head, I guess the largest are:

* JPMorgan

* Goldman

* Wells Fargo

* BoA