Preventing Bank Failures like SVB with Data
The recent bank failures associated with funding technology companies followed by the subsequent failures of two other American banks within a span of less than two months has reverberated across the global economy impacting regions as far reaching as Europe and Asia.
The bank failure of Silicon Valley Bank which is the formerly the sixteenth largest lending institution in the United States triggered a surge of customers hastily withdrawing billions of dollars in mere hours driven by concerns for their financial security.
This sense of unease prompted American regulatory bodies to assume control of two medium sized banks namely Signature Bank and First Republic, while authorities in Europe were compelled to intervene in the troubled Swiss behemoth Credit Suisse. This turbulent period also witnessed a sharp decline in the stock prices of numerous financial institutions accompanied by substantial funds being shifted away from firms perceived as high-risk.
The bank failure of Silicon Valley Bank which is the formerly the sixteenth largest lending institution in the United States triggered a surge of customers hastily withdrawing billions of dollars in mere hours driven by concerns for their financial security.
This sense of unease prompted American regulatory bodies to assume control of two medium sized banks namely Signature Bank and First Republic, while authorities in Europe were compelled to intervene in the troubled Swiss behemoth Credit Suisse. This turbulent period also witnessed a sharp decline in the stock prices of numerous financial institutions accompanied by substantial funds being shifted away from firms perceived as high-risk.
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