Recent Bank Failures
April 26, 2023
Art of Discussing
In this episode, Kate and Ben discuss the recent bank failures including history of bank runs and FDIC, what led to the collapse of Silicon Valley Bank and how the government and private sector responded.
SVB collapse was driven by ‘the first Twitter-fueled bank run’ by Jennifer Korn. Published in CNN Business website March 14, 2023 and available on https://www.cnn.com/2023/03/14/tech/viral-bank-run/index.html
The White House is avoiding one word when it comes to Silicon Valley Bank: bailout by Bobby Allyn. Published in NPR kpbs website March 14, 2023 and available on https://www.npr.org/2023/03/13/1163180140/silicon-valley-bank-is-it-a-bailout-barofsky
Bank Failures Explained: Answer to 6 Big Questions About What Happened and What’s Next by Sarah Hansen. Published in Investopedia website March 17, 2023 and available on https://money.com/bank-failures-explained-questions-answers/
‘The first Twitter-fuelled bank run’ how social media compounded SVB’s collapse by Jonathan Yerushalmy. Published in The Guardian website March 16, 2023 and available on https://www.theguardian.com/business/2023/mar/16/the-first-twitter-fuelled-bank-run-how-social-media-compounded-svbs-collapse
What is a Bank Failure? Definition, Causes, Results and Examples by Julia Kagan, reviewed by Somer Anderson, fact checked by Suzanne Kvilhaug. Published in Investopedia website March 14, 2023 and available on https://www.investopedia.com/terms/b/bank-failure.asp
What Is a Silent Bank Run? Definition and Examples by Jason Fernando, reviewed by Pamela Rodriguez, fact checked by Michael Logan. Published in Investopedia website March 17, 2023 and available on https://www.investopedia.com/terms/s/silent-bank-run.as
Deposit Insurance At A Glance. Published in FDIC website September 13, 2022 and available on https://www.fdic.gov/resources/deposit-insurance/brochures/deposits-at-a-glance/
Statement by Martin J. Gruenberg, Chairman, FDIC Board of Directors, on the Restoration Plan Semiannual Update. Published in FDIC website April 18, 2023 and available on https://www.fdic.gov/news/speeches/2023/spapr1823a.html
History and Timeline of Changes to FDIC Coverage Limits by the American Deposit Management Co. Published in the American Deposit Management Co. website and available on https://americandeposits.com/history-and-timeline-of-changes-to-fdic-coverage-limits/
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