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Three banks failed in the last week, including the closures of Silicon Valley Bank and Signature Bank, the second and third largest bank failures in U.S. history. The closures ended a long quiet period in traditional bank insolvencies since the Great Financial Crisis and came after the institutions faced a liquidity crunch. The run on the banks that occurred prompted fears over other banks' deposit bases, which in turn led to a broad selloff in bank stocks.
However, regulators responded to the situation with unprecedented support, by backstopping all deposits at Silicon Valley and Signature, and placing the institutions into bridge banks. Regulators also unveiled a new bank term funding program aimed at shoring up confidence in bank deposits. Many banks have provided intra-quarter updates touting the strength in capital and liquidity and new sources of funding they have secured as well, but institutions have still faced pressure in the public markets.
Join us for a panel discussion featuring leading banking industry advisors on the implications of this historical event and where the banking industry may be headed from here.
During this webinar we'll discuss:
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* Platts attempts to secure as many speaker presentations as possible, however some speakers choose not to share their materials. Therefore some presentations may not become available. Additionally speaker presentations for this event are only available for download from the networking mobile app and web link
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