Finance Prof. on Banking Collapse: ‘It’s Not Clear Why Regulators Didn’t Do Something to Stop It’

Tags: Currents Economy, Finance

On Capitol Hill, lawmakers are demanding answers and calling on U.S. finance regulators to testify following the collapse of Silicon Valley Bank and Signature Bank.

Silicon Valley Bank was on the Federal Reserve’s radar for more than a year and was repeatedly warned it wouldn’t have enough cash on hand in the event of trouble.

Yet, the bank still collapsed despite those repeated warnings.

Associate Professor of Finance at Villanova University, John Sedunov, joins Currents News to dig deeper into the banking crisis and how we can protect our money.