This month’s Silicon Valley Bank (SVB) crisis has quickly become the second-largest bank failure in US history. With business leaders having haunting flashbacks to the 2008 financial crisis, the collapse of SVB was undoubtedly alarming and confusing as everyone moved swiftly to try and control the outcome.
While the Federal Deposit Insurance Corporation (FDIC) has enacted important measures, such as creating a Deposit Insurance National Bank of Santa Clara (DINB), the event presents a major initial risk to the economy, even with the entire fallout of the event yet to unfold.
