Data: FactSet; Chart: Axios Visuals
When government intervened to save Credit Suisse and Silicon Valley Bank, a lot of people lost a lot of money — shareholders and some bondholders are zeroed out; senior executives are unceremoniously fired. The acquiring banks, on the other hand — UBS and First Citizens — both ended up with extraordinary gains on their balance sheets.
Why it matters: This is the first banking crisis since the global financial crisis of 2008-09 — and it's easy to see what lessons have been learned.
