Location
614 Canal Street
New Orleans, LA 70130
United States
Date
April 19, 2023
Type
Presentation
Event Type
Spring Conference
Presenters
Brad Saegesser
Description
Brad Saegesser will dive into the major factors that caused the Virtual Bank Run in early March 2023. SVB’s Failure is the first major bank failure, where the primary issue was not credit risk, but a duration mismatch between high quality assets and deposit liabilities. This session will also explore how social media played a role in the bank run and will it happen again.
