Priya Misra, a strategist at TD Securities, said recently that the recent spate of bank failures in the US has opened a Pandora's box because the huge hole in the bank's balance sheet has not disappeared.
In an interview with the media on Thursday, Misra mentioned the aftermath of the collapse of Silicon Valley Bank. The bank's collapse has sparked a sharp sell-off in bank stocks over the past few weeks.
Misra said that while some of the market volatility from the Silicon Valley bank collapse has faded, capital pressures have not, as assets in banks' portfolios have depreciated significantly.