Silicon Valley Bank Collapse

The federal government took emergency steps over the weekend of March 10th to prevent a broader run on the banks after the sudden collapse of Silicon Valley Bank, the second largest bank failure in U.S. history, followed by the collapse of New York’s Signature Bank, which became the third largest bank failure in U.S. history. Over the course of a weekend, there was mounting fear and general uncertainty of what this all meant for the banking system at large, and what it meant closer to home for Utahns and the local economy. Tune in to hear Gardner Institute Chief Economist Phil Dean discuss the events surrounding the collapse and what the potential economic impacts could be.