Financial markets are reeling from the aftermath of two U.S. banks collapsing. Is this a sign of a larger economic crisis? 

In less than a week, Silicon Valley Bank and Signature Bank folded, sending shockwaves through international markets. Sparked by a social media frenzy, customers made a run on both institutions with 42 billion dollars withdrawn from SVB in one day. 

Meanwhile, the U.S. Department of Justice has begun an investigation into what happened.

Joining the discussion: 

• Ray Wang is the Founder, Chairman and Principal Analyst of Silicon Valley based Constellation Research Incorporated.
• Brian Becker is the Executive Director of the ANSWER Coalition.
• Ryan Patel is the Global Business Executive and Senior Fellow with the Drucker School of Management at Claremont Graduate University.
• William Cohan is an American business writer and founding partner of Puck, a daily digital news and opinion publication.

The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, a person familiar with the matter told The Associated Press. https://t.co/kaCW4Gn9Ow

— The Associated Press (@AP) March 15, 2023

U.S. regulators said Silicon Valley Bank customers would get access to funds starting Monday. It wasn’t that easy when biotech companies tried to make payroll. https://t.co/hCQxjmO8iC

— The Wall Street Journal (@WSJ) March 15, 2023

Breaking News: Silicon Valley Bank is likely to pay Goldman Sachs more than $100 million for a bond deal that failed to prevent its collapse.https://t.co/OqOrG9PCyL

— The New York Times (@nytimes) March 15, 2023