The Heat: U.S. Banking Crisis

The Heat

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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 Sparked by a social media frenzy, customers made a run on both institutions with 42 billion dollars withdrawn from SVB in one day.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.