Signature Bank collapsed at lightning speed. AP Photo/Yuki Iwamura by Vidhura S. Tennekoon, Indiana University Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures … Continued
The post Why SVB and Signature Bank failed so fast – and the US banking crisis isn’t over yet appeared first on New Pittsburgh Courier.