Banking Crisis: An Insight from the Collapses of SVB and Credit Suisse

Shiyu Yan

doi:10.54254/2754-1169/42/20232076

Research Article

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Published on 10 November 2023

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Yan,S. (2023). Banking Crisis: An Insight from the Collapses of SVB and Credit Suisse. Advances in Economics, Management and Political Sciences,42,33-40.

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Banking Crisis: An Insight from the Collapses of SVB and Credit Suisse

Shiyu Yan *^,1,

¹ University College London

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/42/20232076

Abstract

The financial industry has long been a source of fluctuation and instability, and the recent events have further complicated post-COVID economic performances. This paper generalizes the theory of bank failures, the banking crisis, and the following economic consequences from past literature. It then analyses recent bank collapses and government responses, paying particular attention to Silicon Valley Bank and Credit Suisse. Finally, the conclusion draws on the validity of the theories in terms of being applied to the post-COVID banking system, yet current prudential policies and rescue plans need to be reviewed and upgraded.

Keywords

bank failure, financial crisis, Silicon Valley Bank, Credit Suisse, economic policy

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Cite this article

Yan,S. (2023). Banking Crisis: An Insight from the Collapses of SVB and Credit Suisse. Advances in Economics, Management and Political Sciences,42,33-40.

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