In Michael Barr’s review of SVB’s collapse, the Fed’s point man on bank supervision said that SVB’s “highly concentrated business model” was one of the key reasons for its downfall. “I think that was a cheap shot,” said Wilcox, who worked at the San Francisco branch of th...
Signature Bank’s collapse can be explained even more simplistically. As the finance trade publication Barron’s noted in its apt analysis,“the bank’s connections with cryptocurrency seem to have spooked depositors after Silicon Valley Bank collapsed, prompting a run on the bank’s deposits which...