Banking Crisis 2023

Regulators had their priorities backward when it came to overseeing SVB and allowed an obvious danger to go unmitigated.

Federal Reserve Board Gov. Christopher Waller endorsed the idea that more bank runs would have occurred had regulators not intervened.

More than $40 billion flowed into the firm's cash-management products in March amid a "crisis of confidence" in the health of regional banks, according to CEO Larry Fink.

Startups were left reeling after SVB's failure. But there are challenges to serving young companies.

As customers rushed to withdraw their deposits from the bank and applied for accounts at other institutions, criminals took advantage of the chaos.

Travis Hill, the Republican vice chair of the Federal Deposit Insurance Corp., said poor interest rate risk management caused last month's bank failures and denounced calls to reinstate tighter supervisory standards on midsized regional banks.

The decrease in long-term interest rates this year has helped banks' bond portfolios recover a bit. Some of them may consider restructuring their securities portfolios in the short run, and longer-term changes are also possible as the fallout from last month's crisis continues.

Banks and credit unions compete head-to-head in many markets, so credit union CEOs take advantage of bank earnings season to gain a little extra intel. But many will scour first-quarter results as closely as ever to determine the impact of the banking crisis on deposits flows, lending and the overall economy.

In wide-ranging remarks on the recent banking crisis, the head of the Consumer Financial Protection Bureau said other regulators aren't using enough of their powers to supervise banks.

The American Bankers Association's latest Credit Conditions Index points to a drop in lending and a rise in loan delinquencies through the second and third quarters.