Both Silicon Valley Bank and New York Signature Bank are now under the control of the Federal Deposit Insurance Corporation (FDIC). In the wake of the collapse, small regional lenders are struggling, the bond market is fluctuating wildly, and pressure is on the Federal Reserve to pause interest rate hikes.
Aprio Chief Investment Officer, Simeon Wallis, and Aprio Wealth Management CEO, Keith Greenwald, discuss:
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- Where we are today and recent developments
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- What we are watching now and in the coming weeks
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- Longer-term consequences and what the future may look like for the markets and the economy, and how to prepare