There are many lessons to be learnt from the recent banking crisis, writes Douglas Kearney. Here he shares his thoughts on the aftermath of the recent situation
It was Friday, 9 March this year that a bank few had ever heard of hit the headlines. It was the 16th largest bank in the US. Silicon Valley Bank (SVB) was under immense pressure. It was dubbed the world's first Twitter fuelled bank run. It has been reported that around $42bn was withdrawn in a few hours on that Friday. Although it could be argued that SVB was a very different type of bank with a concentrated depositor base and allegedly some issues with risk management and interest rate movements, it nevertheless failed. SVB was quickly followed by other US regional banks namely Sign...
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