Six months after the sudden failures of Silicon Valley Bank, First Republic Bank and Signature Bank, experts in the financial industry are still responding to questions of vulnerability.
“The big focus has been on the digital movement of money, and the word that comes to mind is velocity — and how fast Silicon Valley (customers) specifically lost their money and deposits,” says Dan Carey, SVP and head of finance and accounting for Cambridge Savings Bank, in this podcast.
“At one point,…
