Banking Panic Unlikely as Conditions Surrounding SVB Collapse Different From 2008: Joseph Trevisani

The collapse and subsequent FDIC coverage of Silicon Valley Bank and Signature Bank have led to potential concerns over a banking panic in the United States. However, Joseph Trevisani, a senior analyst at news and analysis outlet FXStreet, tells NTD that it’s unlikely this will happen, as the circumstances surrounding the recent collapse are different from the 2008 financial crisis. That’s because the banks currently experiencing problems are limited to those that are seeing a confidence problem among their depositors, Trevisani says. Furthermore, the fact that regulators backstopped the collapsed banks keeping patrons from losing any money has stemmed risks of bank runs, he says.

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