Silicon Valley Bank (SVB) was shut down by regulators following a bank run. At the time of its closure, SVB was the second largest bank failure in U.S. history and only became the third following the subsequent failure of First Republic Bank. in this article, our Kubi Udofia highlights and examines salient lessons which regulators/stakeholders in the Nigerian banking sector may draw from SVB’s failure and resolution – ranging from the vulnerability of banks to digital/social media-driven bank runs, deposit guarantee schemes and bail-out of [uninsured] depositors, moral hazard risks etc.
Read more: Silicon Valley Bank Resolution