JOURNAL ARTICLE

Banking in the wake of the SVB failure.

  • Published In: Bank Beat Biz, 2024, v. 209, n. 6. P. 8 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ransom, Carey 3 of 3

Abstract

The article discusses the impact of the failure of Silicon Valley Bank (SVB) on the startup banking landscape. Many startups relied on SVB for banking services, but after its failure, they had to find alternative banking options. The failure also highlighted the importance of bank diversity and the need for deposit insurance. Banks are now focusing on increasing liquidity options and attracting insured deposits. The article suggests that banks should emphasize transparency, diversify deposit sources, engage with the community, and prioritize customer experience and innovation to strengthen the banking system. [Extracted from the article]

Additional Information

  • Source:Bank Beat Biz. 2024/06, Vol. 209, Issue 6, p8
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:177836460
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