Volatility in the Banking Sector
Channel: Versant Capital Management
Date: 2023-03-13

Regulators in California took possession of Silicon Valley Bank (SVB), placing it under Federal Deposit Insurance Corporation (FDIC) receivership, following Silvergate Capital’s announcement that it was voluntarily shutting down its banking subsidiary’s operations and liquidating its assets Wednesday last. Signature Bank could not withstand a barrage of deposit outlows and was shut down by regulators today. Is there something for investors to be concerned about here?

In this video, Thomas Connelly, President, and Chief Investment Officer at Versant Capital Management explains:

 What caused the recent bank run on Silicon Valley Bank
 Why the bank could not accommodate the withdrawal requests
 Subsequent government and regulatory actions
 Repercussions for depositors and investors
 Thoughts on the financial system