US regulators avoided a banking crisis by swift action following SVB's collapse – but the cracks it exposed continue to weaken the global financial system's foundation
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
The cracks in the financial system are growing. John Sommer/E+ via Getty ImagesU.S. regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system.
The government on March 16, 2023, orchestrated a US$30 billion...