Earlier this month the U.S. saw the biggest bank failures since the mortgage crisis of 2008. Both Silicon Valley Bank in California and Signature Bank in New York closed.
First Republic Bank stumbled in San Francisco. Swiss bank Credit Suisse was taken over by UBS to save it from crumbling. What’s going here? What do these bank problems mean for you and me?
Sam Fuller, Associate Commissioner, DC Department of Insurance, Securities and Banking
Muriel Garr, Financial Advisor
