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Cheap deposits have become a painful pandemic hangover for US banks
天量廉价存款已成为美国银行业痛苦的疫情后遗症

Rising rates have slashed the value of bonds that lenders such as Silicon Valley Bank bought with customer money
不断攀升的利率大幅降低了硅谷银行等银行用客户资金购买的债券的价值。

The failure of Silicon Valley Bank and the sell-off in US banks that followed have highlighted the lasting dangers of a strategy many lenders used to boost profits when interest rates were low.

硅谷银行(Silicon Valley Bank,缩写SVB)破产以及随后美国各银行股票遭遇抛售,突显出许多银行在利率较低时用来提高利润的策略存在持久风险。

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