Signage outside a Signature Bank branch in New York, US, on Monday, March 13, 2023. Banks in the Coal Mine: Signature, Silvergate and Other Signs of Recession-Era Fraud—And What Investors Can Do About It
A recession seems all but certain, as the Fed is still expected to push interest rates higher by a 0.25 percentage point later this March, despite the recent run on the banks.
March 15, 2023 at 06:06 PM
7 minute read
Commentary
With the head-snapping implosion of Silicon Valley Bank and cryptocurrency lenders, Signature and Silvergate Bank amidst speculation of independent auditor complicity, this past week, it feels like 2008 all over again.
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