The Most Significant Bank Collapse Since 2008 Hits The U.S. Financial System
On Friday, March 10, the Silicon Valley Bank (SVB) collapsed after experiencing a classical bank run. Because of it, we are now confronted with a new collapse of the 16th biggest bank in the U.S... All of us need to understand how this has happened and learn about the banks we use. Further in this blog, we will explore the SVB collapse and the differences between banks in the U.S. and Switzerland. Finally, for individuals with personal wealth in banks, it will be informative about what Swiss banks can offer you amid uncertainty in the U.S. financial situation.